Proem Acquisition I To Merge With Satellite Maker Astro Digital At Pro Forma EV Of ~587M, With $50M PIPE Financing With Proem Asset Management And Its Affiliates Committing $25M
Astro Digital, US, Inc. ("Astro Digital" or the "Company"), a designer, manufacturer and operator of mission-configurable satellites for commercial, civil and defense applications, and Proem Acquisition
Astro Digital is joining with Proem through a merger deal. Investors are putting in $50 million to help the company grow and build satellites.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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