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Beskrivning

LandSchweiz
ListaEuronext Growth Oslo
SektorInformationsteknik
IndustriElektronisk utrustning
Astrocast är verksamma inom teknikbranschen. Bolaget är specialiserade inom utveckling av IoT-nätverk. Programvaran är egenutvecklad och används huvudsakligen för att koppla ihop nätverk och maskiner. Kunderna består av företagskunder verksamma i ett flertal olika sektorer som jordbruk, gruvdrift samt fordonsindustrin. Utöver huvudverksamheten erbjuds även diverse mervärdestjänster. Störst verksamhet återfinns inom Europa. Astrocast har sitt huvudkontor i Schweiz.
2021-08-25 09:00:29
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OR A SOLICITATION TO PLACE AN OFFER OF
ANY OF THE SECURITIES DESCRIBED HEREIN.

IoT satellite company Astrocast lists on Euronext Growth Oslo

Lausanne, Switzerland - 25 August 2021 - Today, Astrocast SA ("Astrocast"), a
leading Swiss IoT focused nanosatellite company floated its shares on the
Euronext Growth market in Oslo.
The listing marks the first chance for investors to acquire shares in an
Internet of Things (IoT) dedicated satellite constellation in a public market.
"Astrocast is recognised as one of the pioneers, and one of the most advanced
companies in the world providing low-cost global connectivity for the IoT. Lack
of such connectivity has been a roadblock for a massive expansion of this
market," said Fabien Jordan, CEO of Astrocast.
Current cellular networks cover roughly only 10 percent of earth surface, and
low-power wide-area networks (LPWAN) cover only a fraction of this. IoT coverage
therefore depends on satellite networks. More than 5 billion IoT connected
devices are expected by 2025, and a rapidly growing part of these needs to be
connected by satellite.
Growing demand
Through its Nanosatellite IoT Network, Astrocast enables companies to track,
measure, manage, communicate and control IoT assets from the world's most remote
regions. To meet the growing demand for such services, Astrocast is planning a
substantial increase in capacity.
Prior to the listing on Euronext Growth Oslo, the company offered new shares to
investors and raised CHF 40 million in capital.
"The fundraise and listing represent major steps for the company as we are now
accelerating deployment of our constellation. After a successful launch of five
new satellites in late June this year, the company's current network comprises
ten operating commercial satellites in orbit. We plan to increase this to a
total of 100 satellites by the end of 2024," said Mr Jordan.
Broad support
Several leading investors well acquainted with NewSpace - a term frequently used
for the globally emerging, private spaceflight industry - acquired new shares in
Astrocast.
"We are pleased to see such broad interest from leading institutional investors
who share our view on the market. We are grateful for their support, and for the
support from visionary investors who helped us build the company to this point.
A strong team of passionate Astrocast employees are looking forward to
continuing building our global communication service, connecting IoT connected
devices all around the globe", said Mr Jordan.
The cornerstone investors are a syndicate led by US based Adit Ventures. Other
leading investors in the placement included, Palantir, the leading builder of
operating systems for the modern enterprise, the Swiss-based private equity firm
DAA Capital Partners (DAA) which specialises in early-growth technology
companies, and the seed and early-stage venture capital fund Primo Space Fund
which focuses on space tech opportunities.
Among the existing owners of Astrocast are Airbus Ventures, Verve and DAA, and
several Swiss family offices. None of these offered shares for sale in
connection with the fundraise.
Bryan, Garnier & Co was appointed Sole Bookrunner and Euronext Growth Adviser in
connection with the fundraise and listing. Advokatfirmaet Selmer AS and CPV
Partners are acting as legal advisor to the Company, while First House has been
engaged as communication adviser. Norne Securities AS was settlement agent.

Company presentation
For more information about Astrocast and its business, please see the attached
company presentation.

Contact details
For investors
Kjell Karlsen, Chief Financial Officer, Astrocast
Investors@astrocast.com

For media
Fatima Vigil, Head of Marketing, Astrocast
Media@astrocast.com

About Astrocast
Astrocast SA is the most advanced global Nanosatellite IoT Network to tackle
challenges in industries such as Agriculture & Livestock, Oil, Gas & Mining,
Maritime, Environmental, Connected Vehicles, and IoT Devices. The Astrocast
Network enables companies to monitor, track, assess, and communicate with
critical remote assets from anywhere in the world. In partnership with Airbus,
CEA/LETI, the European Space Agency, and Thuraya, Astrocast developed Astronode
S, a cutting-edge module featuring low profile L-band antenna, ultra-low power
consumption, and a small form factor. Founded in 2014 by a renowned team of
experts, Astrocast designs, builds, and tests all its products in-house, from
the satellites to the modules. The Astrocast Network will consist of 100 Low
Earth Orbit (LEO) nanosatellites. For more information visit www.astrocast.com

Important notice
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of Astrocast SA (the
"Company"). Copies of this announcement are not being made and may not be
distributed or sent into any jurisdiction in which such distribution would be
unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company has not registered any part of the offering in the United States or
conducted a public offering of securities in the United States. Any sale in the
United States of the securities mentioned in this announcement will be made
solely to "qualified institutional buyers" as defined in Rule 144A under the
Securities Act.
In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State.
This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.
The securities referred to in this announcement may not be publicly offered,
directly or indirectly, in Switzerland within the meaning of the Swiss Financial
Services Act ("FinSA") except that the Company may offer such securities to less
than 500 investors pursuant to the exemption provided in art. 37 (1) (b) FinSA.
No application has or will be made to admit the securities to trading on any
trading venue (exchange or multilateral trading facility) in Switzerland. This
announcement does not constitute a prospectus or a key information pursuant to
the FinSA, and this announcement nor any other related material relating to the
securities may be publicly distributed or otherwise made publicly available in
Switzerland, except in reliance of the above-mentioned exemption. Matters
discussed in this announcement may constitute forward-looking statements.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "believe", "expect", "anticipate", "strategy",
"intends", "estimate", "will", "may", "continue", "should" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believe that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond their control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including without limitation, changes in public sector investment levels,
changes in the general economic, political and market conditions in the markets
in which the Company operates, the Company's ability to attract, retain and
motivate qualified personnel, changes in the Company's ability to engage in
commercially acceptable acquisitions and strategic investments, and changes in
laws and regulation and the potential impact of legal proceedings and actions.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this announcement.
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date and are subject to change without notice.
The Company does not undertake any obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement.
Neither the Manager nor any of their affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein.
This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of its affiliates accepts any liability arising from the use of this
announcement.
The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.