Kleos Space S.A. (ASX:KSS) has successfully raised A$3 million via a placement from both new and existing investors.
The space-powered defence & intelligence technology company says 15 million new CDIs over ordinary Kleos shares (the New CDIs) will be issued at a 9% discount to the last close on 25 January 2023.
The placement will be conducted in a single tranche and settlement is expected to occur on or before Monday 6 February 2023.
Kleos Space S.A. is currently working on four satellite clusters which will aid better and faster decision making for government and commercial use cases.