アークエッジ・スペース Inc., which provides comprehensive solutions for microsatellite constellations, from planning and design to mass production and operation, is pleased to announce that it has raised 3 billion yen through a loan agreement with Mizuho Bank, Ltd.
With this transaction, the Company has raised a total of 15.5 billion yen (third-party allotment of new shares: 10.7 billion yen, loan agreements (including overdraft agreements): 4.8 billion yen).
The loan will be used for working capital related to our business, including the procurement costs of satellite components necessary for building a satellite constellation and the costs of launching the satellites.
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Currently, we are in the social implementation phase of satellites in multiple projects, and by strengthening our cash reserves, we will accelerate the establishment of a mass production system .
Furthermore, by combining equity financing with borrowings that keep capital costs low, we will strengthen our financial base and optimize capital costs.
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