West Perth-based Sky and Space Global has revised its previously announced plans for a $15 million capital raising, with the funds to be raised through a placement and rights issue at 0.5 cents per share.
Michael Malone-chaired Sky and Space Global has received binding commitments to raise $12 million via a share placement, with a further $3 million to be raised through a priority offer.
Shares in Sky and Space Global have soared after announcing it had secured a $US30 million ($40 million) contract for a Nigerian company to use its nanosatellite technology for the next five years.
