Tagged: aerospace

$23.35 million raised so far by Satellogic (Nettar Group) via private placement


XDATA – June 26th 2017
Satellogic disclosed selling 70% of its $33.35 million non-brokered equity offering to twenty-six investors. The sale started almost two weeks ago according to the document filed at the SEC. Based on the offering’s structure, the company has until June 2018 to raise an extra $10 million. It appears to be the first time the company is filling a security offering under a registration exemption.
The company is registered in a foreign jurisdiction indicating the amount offered reported may only represent the portion of the placement earmarked by the company for US investors.
Satellogic develops smart data solutions, which offer affordable, high-resolution geo-intelligence, with the capability to capture planetary images of one meter resolution. Its data products can be applied in a number of fields including agriculture, pipeline monitoring, critical infrastructure monitoring, business intelligence and disaster response. The company launched sixth micro-satellite aboard a Long March-4B rocket that took off from Jiuquan Satellite Launch Center in China. Investors include Tencent Holdings.
The company, headquartered in Road Town, Tortola Virgin Islands British, is led by Emiliano Kargieman (CEO). Satellogic elected to keep its revenues undisclosed.
The board of directors includes Fernando De Castro Reinarch, Gerardo Gabriel Richarte and Theodore Glass Wang.

Satellogic is registered under the name Nettar Group.

Offering recap
Status: First close
Company: Satellogic
Industry: Other Technology
Amount offered: $33.35 million
Amount placed: $23.35 million
SEC filing: Source
First sale: 06-13-2017
Data as of: 06-26-2017
Similar transactions
2015-07 Late filer Hera Systems reports successful placement of its mezzanine securities
2015-07 Terran Orbital launched $1.5 million mezzanine financing
2015-07 UrtheCast (TSX:UR) raised $157,000 via warrant offer
2015-07 New investors commit to Planet Labs’ financing, cap was revised upward
Change: offered +33% / raised +14% / placed 80%
2015-02 GeoOptics unveils details on its $7 million unregistered offering

Moon Express raised $1.53 million at first close almost two weeks ago


XDATA – October 13th 2015
Moon Express reported launching a $2.53 million mezzanine private placement. According to the filing, 60% or $1.53 million was sold to two backers almost two weeks ago. $1 million in additional funding can be raised before September 2016 based on the placement’s structure. A total of six unregistered securities offerings closed by the company raised an estimated $51.78 million.
Moon Express manufactures and develops innovative, flexible and scalable new robotic spacecraft that reduce the cost of space exploration and unlock the mysteries and resources of the moon. The company’s 2015 technology demonstrator mission is the first in an ongoing series of lunar missions focused on science, exploration and commerce.
The company, headquartered in Moffett Field CA, is led by Robert Richards (CEO). Moon Express kept its revenues undisclosed.
The executive team includes Daven Maharaj and Ken Sunshine.
The board of directors includes Barney Pell and Naveen Jain.

The company has raised an estimated total of $53.31 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Moon Express
Industry: Other
Amount offered: $2.53 million
Amount placed: $1.53 million
SEC filing: Source
First sale: 09-30-2015
Data as of: 10-13-2015

Hey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available here.

For more information visit www.XDATA.co

PCX Holding files details on its $94.5 million financing


pcx holding PCX Holding raised $94.5 million from three financial backers almost two weeks ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. Until this disclosure PCX Holding had raised an estimated $27.62 million in unregistered securities via one previous financing round.
The company is the parent of PCX Aerostructures, a manufacturer of complex dynamic and structural hard alloy components and assemblies for military and commercial aircraft. The entity was setup for the acquisition of SPX Corp’s precision components business by RFE Investment Partners and 24/6 Capital Partners in April 2014.
The company was registered in 2014 and has its headquarters located in New Canaan CT. PCX Holding elected to keep its revenues undisclosed.
The executive team includes Alan L Haase, Michael W Rubel and Peter Richard Reiter.
The board of directors includes Edward A Feuerstein.The company has raised an estimated total of $122.12 million via private unregistered security offerings.
Offering recap
Status: Completed
Company: PCX Holding
Industry: Other
Amount offered: $94.5 million
Amount placed: $94.5 million
SEC filing: Source
First sale: 12-23-2014
Data as of: 12-23-2014


For more information visit www.XDATA.co

Military and aerospace sustainment services provider raises $750,000 in debt


A first close of $750,000 was initiated by ISO Group on its fundraising effort started last month. 77% of the $971,000 non-brokered debt offering was placed with six investors. The offering will remain open for a year during which the company may raise an additional $221,000. The company previously closed six private placements which raised an estimated $18 million.

The company provides sustainment support, repair and replacement parts, and logistics services to the US Department of Defense, prime contractors, and international customers. ISO Group leverages its proprietary database of over 120 million parts to provide support to a wide range of military platform variants, from those recently fielded to those legacy platforms often found outside of the US.

The company, headquartered in Palm Bay FL, is led by Kevin T. Lowdermilk (CEO). ISO Group Inc elected not to disclose its revenues. The board of directors includes Randall E. Poliner, Donald B. Hebb, Alex Techoueyres, Mark Newman and Dov Zakheim.

Offering recap:
Status: First close
Company: ISO Group Inc
Industry: Other Technology
Amount offered: $971,000
Amount placed: $750,000