Americas Markets - Latest Developments
Telesat Corporation announced today that it is now a public company and will begin trading on the Nasdaq Global Select Market (“NASDAQ”) and the Toronto Stock Exchange (“TSX”) under the ticker symbol “TSAT”. This follows the closing of Telesat’s previously announced transaction with Loral Space & Communications Inc.
NIC4, a division of Network Innovations, Inc., announces the acquisition of U.S. government contractor, Knight Sky LLC. The acquisition will effectively combine the expertise of both companies, enhancing the development and delivery of agile, secure and mission critical connectivity solutions for the collective clients of each organization. NIC4 will complement the existing Knight Sky managed network services with advanced technologies in the NIC4 MAVERICK VSAT services and will add additional resources and support to Knight Sky’s contracted U.S.
Laser communications specialist Mynaric AG (Frankfurt Stock Exchange; M0Y, ISIN: DE000A0JCY11) announced that its management board today resolved, with the approval of the supervisory board, on the volume and the issue price of the public offering of American Depositary Shares (“ADSs“). The offering will produce gross proceeds of US$ 66,000,000 from the sale of 1,000,000 new ordinary shares of Mynaric in the form of 4,000,000 ADSs at a price of US$16.50 per ADS.
Viasat Inc., (NASDAQ: VSAT) and Inmarsat, a today announced they have entered into a definitive agreement under which Viasat will acquire Inmarsat in a transaction valued at US$ 7.3 billion, comprised of US$ 850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at US$ 3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of US$ 3.4
Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, today announced that it has acquired Techshot, Inc., a leader in biotechnology in microgravity, bioprinting, and on-orbit manufacturing needed for commercial space-based research and development.
The October 2021 issue of the Satellite Executive Briefing magazine sponsored by iKO Media Group is now available. Featuring:
The Satellite Industry in Transition by Elisabeth Tweedie
SNG and Flyaway Antennas for the Broadcast Market by Bernardo Schneiderman
Satellite Earth Observation Market by Prateek Yadav
Clouds on the Ground by Robert Bell
A National Space Strategy for the UK by Martin Jarrold
Company Spotlight: iKO Media Group
PLUS Products and Services Spotlight @CABSAT 2021, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets Stock Index and many more. Click here to read or download the file.
Tailwind Two Acquisition Corp. (NYSE:TWNT) , a special purpose acquisition company (SPAC), and Terran Orbital Corporation, an operator of small satellites and provider of earth observation solutions, jointly announced today that they have entered into a definitive business combination agreement. Upon the closing of the transaction, the combined company will operate as Terran Orbital Corporation, with plans to list on the NYSE under the symbol LLAP. The pro forma total enterprise value of the combined companies is approximately US$ 1.58 billion.
The next World Radiocommunication Conference, WRC-23, will take place between 20 November and 15 December 2023, the International Telecommunication Union (ITU) confirmed today following a consultation with the ITU Member States around the world.
The conference, where governments, regulators and industry gather to update the ITU Radio Regulations, will take place in one of the main cities of the United Arab Emirates (UAE), either Abu Dhabi or Dubai.
Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook. Net loss was US$ 2.1 million, or $0.02 per diluted share, for the third quarter of 2021, as compared to net loss of US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020.
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced a US$100 million investment by current shareholder White Hat Capital Partners LP, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and Magnetar Capital, a leading alternative investment manager with approximately US$ 13.8 billion of assets under management.
