Kleos Space S.A. 7 Rue de l’Innovation, L-1896 Kockelscheuer,...

Kleos Space S.A. 7 Rue de l’Innovation, L-1896 Kockelscheuer, Luxembourg - ARBN 625 668 733 / RCS B215591
ASX RELEASE
26 July 2023
Company Update and Bankruptcy Proceedings
Kleos Space S.A. (ASX: KSS, Frankfurt: KS1, Kleos or Company), a space-powered defence &
intelligence technology company, advises that its mandated broker has been unable to secure
the required commitments to progress the converting note facility previously advised to the
market (see the announcement lodged with ASX on 6 June 2023).
Further, the Company’s financier has informed the Company (on 25 July 2023) that it will no
longer extend forbearance on the loan facility terms or provide additional credit, and called the
loans and other accrued amounts immediately due and payable. (See the announcement lodged
with ASX on 12 August 2022 for details of the facility arrangements).
In these circumstances, the Company’s Board has had no alternative but to acknowledge that
the Company is unable to meet its financial commitments as they fall due, and that there is no
prospect of viable alternative financial accommodation and will, accordingly, petition the
relevant commercial district court in Luxembourg for a bankruptcy adjudication. The Company
is preparing documentation to support the petition, which must be filed within 30 days. Further
details, including contact details of any bankruptcy receiver appointed, will be provided once
and if the petition has been adjudicated.
While the petition is pending, trading in the Company’s securities will remain suspended.
- ENDS -
This announcement has been authorised by the Company’s Executive Director.
For further information, please contact:
Kleos Space S.A.
Alan Khalili
LUX P: +352 2088 2290
E: [email protected]