The prospectus for the last Capital Raising (March 2018)...

The prospectus for the last Capital Raising (March 2018) contained the following quote on Use of Funds:
Proceeds from the capital raising will be used primarily for the completion of design, construction and launch costs of the first batch of approximately 20 Pearl nano-satellites as part of Sky and Space Global’s Equatorial Constellation, which is scheduled for Q1 2019 and to provide working capital to the Company
(My underlining)
If you don't trust the management don't invest! They are saying that they have sufficient funds to complete the first stage of the Pearl launch program. No new CR required until then (if at all). This was confirmed during the Q&A session after the March Webinar.