Americas Markets - Latest Developments
Momentus, a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. that will result in the company becoming publicly listed.
Upon the closing of the transaction, the combined operating company will be named Momentus Inc. and its securities will be listed on Nasdaq and trade under the ticker symbol “MNTS.”
Comtech Telecommunications Corp. (Nasdaq: CMTL) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of US$ 70.0 million to Gilat.
The best advice I ever got for dealing with things that terrified me was from a teacher in New York 30 years ago. She said, “Try leaning into your fears.”
The GVF Webinar Series has been an innovative response to the dictates of a variously locked down world and its various themes have been well received by a global audience. Whilst, as noted in my previous column, 69 has been the least number of countries dialing-in to any one individual Zoom event, the total number of nations reached across the series to date has now exceeded 120.
National Association of Broadcasters (NAB) President and CEO Gordon Smith announced today that the NAB Show now scheduled for October 9–13, 2021 in Las Vegas. Smith issued the following letter to the NAB Show community regarding plans for the 2021 NAB Show:
Dear NAB Show community,
Exponentially increasing numbers of announced ambitious NGSO (Non-Geo Stationary Orbit) or LEO-HTS (Lower Earth Orbit – High Throughput Satellites) Mega Constellations have been creating waves in the world of technology. Their success will not be a mere disruption to the existing system, it will be a whole new system altogether.
An enigmatic title deserves explanation. The 69 countries referred to is the least number of nations we have had consistently dialing-in to recent webinars in the GVF’s Webinar Series, organized in association with Satellite Evolution Group. In my previous column I overviewed the series, which is broadcast over Zoom on alternate Thursdays, starting at 1500 hours/3.00pm (London). An overview is also available on the GVF website at https://gvf.org/webinars.
The GVF is hosting a webinar on GEO / MEO / LEO – Satellite in the Finance Markets on Thursday, September 10th, 3:00 pm London time. The webminar will feature a distinguised panel moderated by Dara Panahy, Partner, Milbank LLP, and comprising Chris Quilty, President, Quilty Analytics; John Apostolides, Investment Partner, Melody I
Calian Group has acquired Tallysman Wireless, a manufacturer of precision Global Navigation Satellite Systems (GNSS) antennas, and related components.The definitive agreement is valued at up $24.5 million. Amount paid on closing is $15.7 million (net of cash received) and contains two earnout periods of $4M and $4.8M based on the achievement of a certain level of EBITDA performance over the next 30 months. Tallysman’s results will be consolidated and reported with Calian’s Advance Technology segment.
For all of history, water has been the stuff of life, flowing in rivers nearby or drawn up from the hidden streams that flow underground.
