NetworkNewsBreaks – Aerkomm, Inc.’s (AKOM) Form S-1 Declared Effective by the SEC
Aerkomm (OTCQX: AKOM) recently announced that its Form S-1 registration statement has been declared effective by the U.S. Securities and Exchange Commission (the "SEC") for the proposed underwritten public offering of between $5 million and $69 million (including an over-subscription allotment of $9 million) of its common stock. Boustead Securities, LLC is acting as the sole underwriter for the offering. The company intends to use the net proceeds of the offering toward general corporate purposes, such as working capital, product development, marketing activities and other capital expenditures. If the offering raises an adequate amount of capital, the company intends to…
