Tag: Defense Technology
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Space-Focused SPAC SAAC Prices $200 Million IPO, Targets Technology and Defense Deals
Space Asset Acquisition Corp. has priced its initial public offering at $200 million, positioning the newly formed blank-check company to pursue acquisitions in the global space economy, with a particular focus on technology and defense-related businesses. The special purpose acquisition company, or SPAC, sold 20 million units at $10 each and is set to begin…
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CesiumAstro Secures $200 Million in U.S. Government-Backed Financing for Defense Expansion
Space communications company CesiumAstro has secured $200 million in government-backed financing as it deepens its focus on national security and defense customers, the company said this week. The financing package was jointly provided by the Export-Import Bank of the United States (EXIM) and JPMorgan Chase. It includes $185 million in an EXIM-authorized debt facility and…