Yeah, a bit steep on the terms, but that's the cost of delays. Now covered for 12mnths and possibly 18mnths if this deal expiry sees election to convert to 6mnth Convertible Notes.
A good launch in the near term, revenues starting to flow, more contracts and some steady sailing towards the second cluster of satellites would be good.
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Ann: Kleos Space secures A$5.5m to drive satellite roll-out, page-5
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