NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES OF AMERICA ,AUSTRALIA ,CANADA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA ORJAPAN , 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 companyAstrocast 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 inOslo . 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," saidFabien Jordan , CEO ofAstrocast . 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 raisedCHF 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," saidMr Jordan . Broad support Several leading investors well acquainted with NewSpace - a term frequently used for the globally emerging, private spaceflight industry - acquired new shares inAstrocast . "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 passionateAstrocast employees are looking forward to continuing building our global communication service, connecting IoT connected devices all around the globe", saidMr Jordan . The cornerstone investors are a syndicate led by US basedAdit Ventures . Other leading investors in the placement included,Palantir , the leading builder of operating systems for the modern enterprise, the Swiss-based private equity firmDAA Capital Partners (DAA) which specialises in early-growth technology companies, and the seed and early-stage venture capital fundPrimo Space Fund which focuses on space tech opportunities. Among the existing owners ofAstrocast areAirbus 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 andCPV 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 aboutAstrocast and its business, please see the attached company presentation. Contact details For investorsKjell Karlsen , Chief Financial Officer,Astrocast Investors@astrocast.com For mediaFatima Vigil , Head of Marketing,Astrocast Media@astrocast.com AboutAstrocast 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. TheAstrocast Network enables companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world. In partnership with Airbus, CEA/LETI, theEuropean Space Agency , andThuraya ,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 ofAstrocast 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 theU.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold inthe United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicableU.S. state securities laws. The Company has not registered any part of the offering inthe United States or conducted a public offering of securities inthe United States . Any sale inthe 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 theUnited 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, inSwitzerland 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) inSwitzerland . 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 inSwitzerland , 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.
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