On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

NetworkNewsBreaks – Aerkomm, Inc. (AKOM) Closes Initial $5M Funding

Company: Aerkomm, Inc. (AKOM)
Category: News

Aerkomm (OTCQX: AKOM) recently announced that it has sold 588,236 shares of its common stock at a price of $8.50 per share in the first round of its $60 million registered offering. Total gross proceeds of $5,000,006 were raised from the offering before deducting expenses and underwriting commissions. The company intends to use the net proceeds toward general corporate purposes, such as working capital, product development and marketing activities. Additionally, if the offering raises enough capital, the company intends to use the proceeds toward the purchase of land to build its first ground station and data center in the Asia region. “We are very pleased with the demand for our shares and look forward to closing additional rounds in the near term. We have a strong business plan in place that is being fueled with capital to take the company to new heights,” Aerkomm Chairman and CEO Jeffrey Wun stated in the news release.

To view the full press release, visit http://nnw.fm/P0YXx

About Aerkomm Inc.

Aerkomm Inc. (AKOM), 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 leading 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. For more information, visit the company’s website at www.Aerkomm.com.

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217