Maritime Launch Services Secures Financing and Extends Debenture

February 18, 2025 - 10:44

HALIFAX, Nova Scotia, February 18, 2025—Maritime Launch Services Inc. has successfully obtained agreements and regulatory approval to finalize its previously announced financing, which is valued at approximately $1,600,000. The financing deal involves cash proceeds at a price of $0.05 per share. Notably, $331,525 of this amount had already been released to the Company over the past five months from existing shareholders in the form of short-term, interest-free loans.

This significant financial milestone comes at a crucial time for the Company as it continues to advance its operational capabilities and strategic initiatives in the aerospace sector. The newly secured funds are expected to bolster the Company’s efforts in developing its launch services and expanding its market presence.

In addition to the financing, Maritime Launch Services has also announced a two-year extension of its existing debenture, providing additional financial flexibility as it navigates the evolving landscape of the space industry. The Company remains optimistic about its growth trajectory and the opportunities that lie ahead.