As discussed on previous threads. Operating costs till launch + Costs of build seem to be exceeding $20million. It is an estimation based on previous quarterly and estimates that the sats cost $750000 each to build and launch.
20 sats x 750000 = 15M
10 Months x 1Mil = 10M
====Totaling $25Million
Not so sure where your 20Mil comes from?
Sky and Space Global has today received firm written commitments for a heavily oversubscribed share Placement ($10m) and launched a fully underwritten SPP ($5m) at 12c per ordinary share (together, the Capital Raising). • Following the strong demand from institutional and sophisticated investors, the Company has closed the Placement at $10.0m, with the Company accepting $2.5m in oversubscriptions.
To me that says the placement was closed at $10M. So that includes a the $2.5m in oversubscriptions.
SPP is $5M (once again I am not sure where you are getting your numbers from). So total raise is $15m.
So $25M (estimated costs) - $15M (Capital) = $10M (Shortfall).
Happy to wait for the end of the fund raising. These are my calculations from how I have read the announcements
