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







