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AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on:

Friday, March 29, 2024

SILICON VALLEY, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, “AERKOMM”), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement (“BCA”) and raised US $35 million in a private placement.

Key Points:

Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on:

Friday, March 29, 2024

Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.

Key Points:

Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

TNDC’s HEO Program Receives $600,000 Grant From TD Bank Group

Retrieved on:

Tuesday, January 16, 2024

Bank, Toronto-Dominion Bank, HEO, Organization

The Tahltan HEO Program is a multi-faceted training program that includes drivers license support, HEO mentor training, and HEO development.

Key Points:

The Tahltan HEO Program is a multi-faceted training program that includes drivers license support, HEO mentor training, and HEO development.
The grant of $600,000 will be broken into $300,000 to cover year 2 and year 3 of the Tahltan HEO pilot program.
“TNDC is excited to work with TD and is grateful for its commitment and belief in our HEO program,” says Carol Danielson, Chair, TNDC.
“We recognize the positive impact and value that programs like the Tahltan HEO Program can bring to communities and local economies.

Foundation for the Future: Sidus Space Looks toward 2024 Launch

Retrieved on:

Thursday, December 28, 2023

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, concludes 2023 with remarkable achievements, laying the groundwork for an eagerly anticipated launch in Q1 2024.

Key Points:

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, concludes 2023 with remarkable achievements, laying the groundwork for an eagerly anticipated launch in Q1 2024.
"2023 was a pivotal year for Sidus Space.
We accomplished significant milestones, preparing for the launch of LizzieSat™, a testament to our commitment to advancing satellite data technology.
The foundation is laid, and our robust customer base eagerly awaits the delivery of our AI-enhanced space data, poised to redefine the landscape for Sidus and the broader industry," said Carol Craig, CEO and Founder of Sidus Space.

Mangata Networks Forges Strategic Collaboration with Microsoft to Pioneer AI-Enabled Edge Cloud Connectivity via Satellite

Retrieved on:

Friday, December 22, 2023

PHOENIX, Dec. 22, 2023 /PRNewswire/ -- Mangata Networks, a global company offering satellite-enabled connectivity & intelligent edge computing solutions, has signed a partnership with Microsoft aimed at developing an AI-enabled edge cloud product connected via satellite. This partnership represents a long-term commitment between Mangata Networks and Microsoft, marking the beginning of a sustained collaborative journey aimed at continuously advancing cloud technology through innovative satellite connectivity.

Key Points:

PHOENIX, Dec. 22, 2023 /PRNewswire/ -- Mangata Networks, a global company offering satellite-enabled connectivity & intelligent edge computing solutions, has signed a partnership with Microsoft aimed at developing an AI-enabled edge cloud product connected via satellite.
This partnership represents a long-term commitment between Mangata Networks and Microsoft, marking the beginning of a sustained collaborative journey aimed at continuously advancing cloud technology through innovative satellite connectivity.
"We are thrilled to develop this transformative product in strategic collaboration with Microsoft, further enriching the Microsoft commercial marketplace ecosystem.
"In collaboration with Mangata, we look forward to delivering an end-to-end Cloud and Edge platform to enterprise and government customers.

Mangata Networks Forges Strategic Collaboration with Microsoft to Pioneer AI-Enabled Edge Cloud Connectivity via Satellite

Retrieved on:

Friday, December 22, 2023

PHOENIX, Dec. 22, 2023 /PRNewswire/ -- Mangata Networks, a global company offering satellite-enabled connectivity & intelligent edge computing solutions, has signed a partnership with Microsoft aimed at developing an AI-enabled edge cloud product connected via satellite. This partnership represents a long-term commitment between Mangata Networks and Microsoft, marking the beginning of a sustained collaborative journey aimed at continuously advancing cloud technology through innovative satellite connectivity.

Key Points:

PHOENIX, Dec. 22, 2023 /PRNewswire/ -- Mangata Networks, a global company offering satellite-enabled connectivity & intelligent edge computing solutions, has signed a partnership with Microsoft aimed at developing an AI-enabled edge cloud product connected via satellite.
This partnership represents a long-term commitment between Mangata Networks and Microsoft, marking the beginning of a sustained collaborative journey aimed at continuously advancing cloud technology through innovative satellite connectivity.
"We are thrilled to develop this transformative product in strategic collaboration with Microsoft, further enriching the Microsoft commercial marketplace ecosystem.
"In collaboration with Mangata, we look forward to delivering an end-to-end Cloud and Edge platform to enterprise and government customers.

Ember Completes Acquisition of H2O Innovation

Retrieved on:

Friday, December 8, 2023

(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the completion of the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”), an entity controlled by funds managed by Ember Infrastructure Management, LP (“Ember”), a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of H2O Innovation (the “Shares”), other than the Shares rolled over by Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec and certain key executives of the Corporation, for C$4.25 in cash per Share (the “Consideration”), pursuant to a statutory plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.

Key Points:

(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the completion of the previously announced acquisition by Ember SPV I Purchaser Inc. (the “Purchaser”), an entity controlled by funds managed by Ember Infrastructure Management, LP (“Ember”), a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of H2O Innovation (the “Shares”), other than the Shares rolled over by Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec and certain key executives of the Corporation, for C$4.25 in cash per Share (the “Consideration”), pursuant to a statutory plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.
“Closing this transaction marks the start of an exciting chapter for H2O Innovation, as we continue our expansion with the resources and expertise that our new partners at Ember can bring to the Corporation and our customers,” said Frédéric Dugré, President, Chief Executive Officer and co-Founder of H2O Innovation.
H2O Innovation’s annual meeting of shareholders, previously scheduled to be held on December 22, 2023, has been cancelled in light of the completion of the Arrangement.
Unless required to do so pursuant to applicable securities legislation, H2O Innovation assumes no obligation to update or revise forward-looking statements contained in this press release or in other communications as a result of new information, future events, and other changes.

H2O Innovation Receives Final Order for Arrangement with Ember

Retrieved on:

Monday, December 4, 2023

It is anticipated that the Arrangement will be completed in the coming days, subject to the delivery by the parties of customary deliverables.

Key Points:

It is anticipated that the Arrangement will be completed in the coming days, subject to the delivery by the parties of customary deliverables.
These statements are included in this press release, the Circular and may be included in other filings or communications from the Corporation.
Forward-looking statements may include, but are not limited to, the anticipated timing and the various steps to be completed in connection with the Arrangement and the anticipated timing of closing of the Arrangement.
Moreover, the proposed Arrangement could be modified or the Arrangement Agreement terminated in accordance with its terms.

H2O Innovation’s Shareholders Approve Arrangement with Ember

Retrieved on:

Tuesday, November 28, 2023

Completion of the Arrangement is subject to customary conditions, including receiving the final order of the Superior Court of Québec.

Key Points:

Completion of the Arrangement is subject to customary conditions, including receiving the final order of the Superior Court of Québec.
It is anticipated that the Arrangement will be completed in the fourth quarter of 2023.
These statements are included in this press release, the Circular and may be included in other filings or communications from the Corporation.
Moreover, the proposed Arrangement could be modified or the Arrangement Agreement terminated in accordance with its terms.

Maple Business Line Launches New Web Transactional Website

Retrieved on:

Monday, November 27, 2023

Engineering, Other Natural Resources, Manufacturing, Agriculture, Natural Resources, Machinery, Acquisition, Catalog, Climate change, Corporation, HEO, Weather, Maple, Innovation, TSX, Environment, Legislation, Maple syrup, Online shopping

(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Maple business line has launched a brand-new transactional website through which producers can now purchase maple syrup equipment.

Key Points:

(TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to announce that its Maple business line has launched a brand-new transactional website through which producers can now purchase maple syrup equipment.
The development of a new transactional website will enable H2O Innovation to further showcase its comprehensive line of equipment and products dedicated to maple syrup production.
This integration echoes the presence of both lines of products in the Corporation’s product catalog in last year’s edition.
“We’re very excited to launch this transactional website, which marks an important milestone in our commitment to innovation and to improving our customer experience.