- Placement to new and existing sophisticated and institutional investors in Australia and the U.S. at A$0.85 (~0,63 USD) per CDI, and three attaching options for every five CDIs
- Cornerstone investments by Perennial Value Management and Thorney Investment Group
- Capital enables Kleos to further grow its satellite constellation and scale its geolocation data-as-a-service offering, operations and core competencies to build on strong customer demand
LUXEMBOURG (Kleos Space PR) — Kleos Space S.A (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, has secured A$12.6 million (equivalent to 9.3 million USD) from new and existing institutional and sophisticated investors in Australia and the U.S. via a Placement of approximately 14,823,529 new CHESS Depositary Interests over Kleos ordinary shares (CDIs) at A$0.85 (~0,63 USD) per CDI (Placement).
The Placement includes cornerstone investments from Perennial Value Management and Thorney Investment Group.
Commenting on the Placement, Kleos CEO Andy Bowyer said, “I am extremely pleased to welcome new high-calibre institutional investors Perennial and Thorney to the register. The strong support we have received from new and current investors reflects Kleos’ significant technical and commercial progress that is accelerating rapidly.”
The Placement proceeds will be used to fund the launch of future satellite clusters and to scale Kleos’ data-as-a-service offering.
The 14,823,529 CDIs will rank equally with existing ordinary CDIs of the Company and will be issued under the Company’s issuing capacity in accordance with ASX Listing Rule 7.1A. Settlement is expected to occur by 10 September 2021, with allotment expected to occur on 15 September 2021. The 8,894,118 Options will be issued under ASX Listing Rule 7.1.
The A$0.85 (~0,63 USD) Placement price represents a 9.6% discount to the 30-day volume weighted average trading price and is inclusive of three attaching options for every five CDIs issued, exercisable at A$1.20 and expiring three years from the date of issue.
About Kleos Space S.A.
Kleos is a space-enabled radio frequency reconnaissance data-as-a-service company with operations in Luxembourg, the US and UK. Kleos locates radio transmissions in key areas of interest around the globe, efficiently uncovering data points to expose human activity on land and sea. Using clusters of four satellites, proprietary radio frequency data (RF Data) is collected, transmitted to the ground, processed, and delivered to customers worldwide. Customers, including analytics and intelligence entities, will license data on a subscription basis (Data-as-a-Service aka DaaS), for government and commercial use cases – aiding better and faster decision making. Kleos’ first satellite cluster, the Kleos Scouting Mission (KSM), successfully launched in November 2020 is performing as a test and technology demonstration whilst collecting data. The company’s second satellite cluster, the Polar Vigilance Mission, successfully launched in June 2021 and its Polar Patrol Mission is scheduled to launch in late 2021. These satellite clusters form the foundation of a global high-capacity constellation of up to 20 satellite clusters, which will deliver high value global observation. For more information visit www.kleos.space