Kleos Space S.A. (ASX: KSS, Frankfurt: KS1) (Kleos or Company), a space-powered defence & intelligence technology company, provides an update on the voluntary suspension in trading of its listed securities, which commenced on 3 May 2023.
Kleos is pleased to announce it has received further support from the Company’s financier, PURE Asset Management Pty Ltd (Pure), allowing the draw down of an additional tranche under the Pure facility that will provide working capital for the Company through to 18 June 2023, while a capital-raising transaction is being completed. (See announcement lodged with ASX on 12 August 2022 for details of the Pure facility arrangements).
The Company has signed a mandate with a broker to manage a secured converting note issue, with Pure agreeing to participate in the converting note. The Company has received encouraging indicative interest in the note and is working to close the facility in the coming weeks. This financing will enable the Company to progress against technical, commercial, and corporate milestones in 2023.