Aerkomm registers for public offering of new shares of common stock

Aerkomm Inc. (Euronext Paris: AKOM) (OTCQX: AKOM) has announced that it has filed a registration statement amendment with the Securities and Exchange Commission (SEC) relating to a proposed offering of up to EUR 40 million in new shares of its common stock, the company said.

The price for the shares of common stock to be offered is expected to be between EUR 33.60 and EUR 42.00 per share.

The company plans to use the proceeds from this offering for general corporate purposes, including working capital, product development, marketing activities, expending its internal organization and other capital expenditures including the building of the Company´s first ground station and data center in the Asia region.

Aerkomm Inc. is a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology.