Aerkomm registration statement declared effective by SEC



Aerkomm Inc. (OTCQX: AKOM), has announced that its Form S-1 registration statement has been declared effective by the US Securities and Exchange Commission (the “SEC”) for the proposed underwritten public offering of between USD 5 million and USD 69 million (including an over-subscription allotment of USD 9 million) of its common stock, the company said.

Boustead Securities, LLC is acting as the underwriter for this “best efforts” offering. Aerkomm, through its wholly owned operating subsidiary, Aircom Pacific, Inc., is a service provider of in-flight entertainment and connectivity solutions for the airline industry.

The company plans to use the net proceeds of the offering for general corporate purposes, including working capital, product development, marketing activities, expending its internal organization and other capital expenditures; including, if it raises a sufficient amount of capital, the purchase of land for the building of its first ground station and data center in the Asia region.

Aerkomm, operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The company strives to become a provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.

Boustead Securities is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead´s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead´s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit http://www.boustead1828.com/