AAC Clyde Space is investigating the prerequisites for carrying out a directed new issue

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC" or the "Company") has mandated Erik Penser Bank to investigate the prerequisites to carry out a directed new issue of a maximum of 19 241 551 shares (the "Directed Issue") through an accelerated bookbuilding procedure (the "Bookbuilding Procedure").

Through the Bookbuilding Procedure, that begins immediately after the publication of this press release, the subscription price for the new shares in the Directed Issue will be determined. The Bookbuilding Procedure will be completed before the trading begins on Nasdaq First North Growth Market on October 16, 2020. The completion of the Directed Issue is subject to that the Board of Directors of AAC resolves to issue the new shares that is part of the Bookbuilding Procedure pursuant to the authorization granted at the Annual General Meeting on June 2, 2020.

The Board may at any time choose to suspend, extend, or shorten the Bookbuilding Procedure and refrain from resolving to carry out the Directed Issue. By determining the subscription price in the Directed Issue through the Bookbuilding Procedure, it is the Board's assessment that the subscription price is determined corresponding to prevailing market terms.

AAC operates in an industry in strong structural growth and the Board's assessment is that AAC has a promising opportunity to become a global leading supplier of advanced subsystems and complete satellites as well as in the field of operating launched satellites and delivery of data from wholly owned constellations, so-called "Space-as-a- Service" missions ("SaaS").

With the acquisitions of Hyperion Technologies BV, communicated on October 7, 2020, and of SpaceQuest Ltd, communicated on October 15, 2020, two profitable companies, AAC has strengthened its offering in advanced subsystems and secured a significant capability within SaaS and expanding the geographical reach of the ACC Group. In combination with the Company's existing operations in Uppsala and Glasgow, which are currently being expanded with satellite manufacturing in Uppsala and a series manufacturing line in Glasgow AAC now has a unique position for continued growth and archiving profitability on a Group level.

In order to fully capitalize and optimize on market opportunities, the Board makes the assessment that AAC will benefit from raising additional capital. AAC intends to use the potential proceeds from the Directed Issue to expand the Company's business development capacity, development of a new highly integrated and software defined platform and the expansion of the highly profitable SaaS business line. The reasons for deviating from the shareholders' preferential right refers to the preference to execute capitalization in a time and cost-effective manner.

Advisors

Erik Penser Bank AB is financial advisor and Setterwalls Advokatbyrå AB is legal advisor to AAC in connection with the Directed Issue.

FOR MORE INFORMATION:
Please visit: www.aac-clyde.space or contact:
CEO Luis Gomes investor@aac-clydespace.com
CFO Mats Thideman, investor@aac-clydespace.com, mobile +46 70 556 09 73

The information in this press release is such that AAC Clyde Space AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 19:05 CET on 15 October 2020.

ABOUT AAC CLYDE SPACE
The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivalled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact.

AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail certifiedadviser@penser.se, telephone +46 8 463 83 00, is the Certified Adviser.

Important information

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, AUSTRALIA OR ANY OTHER JURISDICTION, WHERE SUCH ACTIONS ARE SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT MAKE AN OFFER REGARDING ANY SECURITIES IN AAC.

Publication or distribution of this press release may be subject to restrictions in certain jurisdictions and individuals in the jurisdictions in which this press release has been published or distributed should inform themselves of and comply with such legal restrictions. This press release does not constitute an offer of, or invitation to acquire or subscribe for, any securities of AAC in any jurisdiction.

This press release does not constitute and is not part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States without being registered or exempt from registration under the US Securities Act of 1933, as in current wording ("Securities Act"), and may not be offered or sold in the United States without being registered or being exempt from registration or are included in a transaction that is not covered by registration under the Securities Act. There is no intention to register any securities referred to here in the United States or to make a public offering regarding the securities in the United States. The information in this press release may not be released, published, copied or distributed, directly or indirectly, in whole or in part, in or to the United States, Canada, Japan, South Africa or Australia or any other jurisdiction where the publication, publication or distribution of the information would not comply with laws and regulations or would require a prospectus, registration or other measures than those required by Swedish law. Measures contrary to these instructions may constitute a violation of applicable securities legislation.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. AAC has not accepted any offer to the public of securities in any Member State of the EEA and no prospectus has been produced or will be produced in connection with the Directed Issue. In each EEA Member State, this notice is addressed only to "qualified investors" in that Member State as defined in the Prospectus Regulation.

In the United Kingdom, this document and other material are distributed and directed in relation to the securities described herein only, and any investment or investment activity to which this document relates is only available to and will be available only to, "qualified investors" who are (i) persons with professional experience in investment matters falling within the definition of "investment professionals" in Article 19 (5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) persons with a high net worth covered by Article 49 (2) (a) - (d) of the Order (all such persons are collectively referred to as "relevant persons"). In the United Kingdom, any investment or investments to which this notice relates are only available to and will only involve relevant persons. Persons who are not relevant persons should not take action based on this press release and not or act or rely on it.

Forward-looking statements

This press release may contain forward-looking statements that reflect AAC's intentions, assessments or current expectations and goals for AAC's future operations, financial situation, development, liquidity, earnings, prospects, expected growth, strategies and opportunities and the markets in which AAC operates. Forward-looking statements are statements that are not historical facts and can be identified by the fact that they contain words such as "believe", "expect", "anticipate", "refer", "can", "plan", "appreciate", "should" , "Could", "aim" or "maybe" or, in each case, negatives thereof, or similar, expressions. The forward-looking statements in this press release are based on various assumptions, many of which in turn are based on additional assumptions. Although AAC considers the expectations reflected in these forward-looking statements to be reasonable, it can provide no assurance that they will occur or prove to be accurate. As these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or results may differ materially from those set forth in the forward-looking statements which are the result of many factors. Such risks, uncertainties, unforeseen events and other significant factors may cause actual events to differ materially from the expectations expressed or implied herein by such forward-looking statements. AAC does not warrant that the assumptions behind the forward-looking statements in this press release are error-free and assumes no responsibility for the future fulfillment of the statements made in this press release or any obligation to update or revise the statements in this press release.

CFIUS ger klartecken för förvärvet av SpaceQuest

2020-11-26 AAC Clyde Space AB (publ)
The Committee on Foreign Investments in the United States (CFIUS) har fastställt att det inte finns några olösta nationella säkerhetsfrågor vid AAC Clyde Spaces förvärv av SpaceQuest Ltd. AAC Clyde Space inleder därmed slutförandet av förvärvet vilket förväntas bli klart under december 2020.


The Committee on Foreign Investments in the United States has approved SpaceQuest acquisition

2020-11-26 AAC Clyde Space AB (publ)
The Committee on Foreign Investments in the United States (CFIUS) has determined that there are no unresolved national securities concerns with AAC Clyde Space acquiring SpaceQuest Ltd. AAC Clyde Space will now initiate the closing process which is expected to be finalised during December 2020.


Delårsrapport för AAC Clyde Space AB (publ) januari - september 2020

2020-11-26 AAC Clyde Space AB (publ)


Interim report for AAC Clyde Space AB (publ) January - September 2020

2020-11-26 AAC Clyde Space AB (publ)


AAC Clyde Space utvecklar innovativ konstellation av satelliter för 19,7 MEUR (ca. 202 MSEK) tillsammans med ESA och UK Space Agency

2020-11-18 AAC Clyde Space AB (publ)
AAC Clyde Space inleder ett 3-årigt utvecklingsprojekt kallat xSPANCION tillsammans med European Space Agency (ESA), för att stärka bolagets förmåga att leverera en innovativ konstellation av satelliter inkluderande tillverkning av 10 satelliter. Den brittiska rymdstyrelsen UK Space Agency samfinansierar projektet med 9,9 MEUR (ca 101,4 MEUR) genom ESA. AAC Clyde Space avser att, utanför ramen för projektet, ingå avtal med kunder om leverans av data från konstellationen.


AAC Clyde Space to develop a 19.7 MEUR (approx. 202 MSEK) innovative Constellation Services with ESA and UK Space Agency

2020-11-18 AAC Clyde Space AB (publ)
AAC Clyde Space embarks on a 3-year project, named xSPANCION, with the European Space Agency (ESA) to develop an innovative satellite constellation service, including the manufacturing of 10 spacecrafts. The UK Space Agency through ESA, will co-fund the project with 9.9 MEUR (approx. 101.4 MSEK). AAC Clyde Space intends to, outside this project, enter into customer service agreements for data delivery from the constellation.


Förvärvet av Hyperion Technologies B.V. är genomfört

2020-11-10 AAC Clyde Space AB (publ)


The acquisition of Hyperion Technologies B.V. is completed

2020-11-10 AAC Clyde Space AB (publ)


Kommuniké från extra bolagsstämma i AAC Clyde Space AB (publ)

2020-11-05 AAC Clyde Space AB (publ)
Vid extra bolagsstämma i AAC Clyde Space AB (publ) som hölls den 5 november 2020 klockan 10.30 i bolagets lokaler på Dag Hammarskjölds väg 48 i Uppsala, fattades följande beslut:


Bulletin from extraordinary general meeting in AAC Clyde Space AB (publ)

2020-11-05 AAC Clyde Space AB (publ)
At the extraordinary general meeting in AAC Clyde Space AB (publ) held on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48 in Uppsala, the following resolutions were adopted:


Kallelse till extra bolagsstämma i AAC Clyde Space AB (publ)

2020-10-16 AAC Clyde Space (publ)
Aktieägarna i AAC Clyde Space AB (publ), org.nr 556677-0599 ("Bolaget"), kallas härmed till extra bolagsstämma den 5 november 2020 klockan 10.30 att avhållas i bolagets lokaler på Dag Hammarskjölds väg 48, 751 83 Uppsala. Inregistrering till stämman börjar 10.00.


Notice to attend the extraordinary general meeting in AAC Clyde Space AB (publ)

2020-10-16 AAC Clyde Space (publ)
The shareholders in AAC Clyde Space AB (publ), reg. no. 556677-0599 (the "Company"), are hereby given notice to attend the extraordinary general meeting on 5 November 2020 at 10.30 a.m. (CET) at the company's premises, Dag Hammarskjölds väg 48, SE-751 83 Uppsala, Sweden. Registration for the meeting commences at 10.00 a.m. (CET).


AAC har genomfört en riktad emission om 52 MSEK samt rapporterar om genomförd blockaffär av aktier

2020-10-15 AAC Clyde Space AB (publ)
Styrelsen i AAC Clyde Space AB ("AAC" eller "Bolaget") har, med stöd av bemyndigande från årsstämman den 2 juni 2020, beslutat om en riktad nyemission om totalt 19 241 551 aktier till ett pris om 2,70 SEK per aktie (den "Riktade emissionen"). Priset i den Riktade emissionen har fastställts genom ett accelererat bookbuilding-förfarande som genomförts av Erik Penser Bank. Utöver den Riktade emissionen har Erik Penser Bank mäklat 10 557 150 aktier till motsvarande pris per aktie som i den Riktade emissionen ("Blockaffären").


AAC has completed a directed issue of SEK 52 million and reports on an executed block trade of shares

2020-10-15 AAC Clyde Space AB (publ)
The Board of Directors of AAC Clyde Space AB ("AAC" or "the Company") has, pursuant to the authorization from the Annual General Meeting on June 2, 2020, resolved on a directed issue of 19,241,551 shares at a price of SEK 2.70 per share (the "Directed Issue"). The price in the Directed Issue has been determined through an accelerated bookbuilding procedure carried out by Erik Penser Bank. In addition to the Directed Issue, Erik Penser Bank has brokered 10,557,150 shares at the corresponding price per share as in the Directed Issue (the "Block Trade").


AAC Clyde Space utreder förutsättningarna för att genomföra en riktad nyemission

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space AB ("AAC" eller "Bolaget") har uppdragit åt Erik Penser Bank att utreda förutsättningarna för att genomföra en riktad nyemission om maximalt av 19 241 551 aktier (den "Riktade emissionen") genom ett accelererat bookbuilding-förfarande ("Bookbuilding-förfarandet").


AAC Clyde Space is investigating the prerequisites for carrying out a directed new issue

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space AB (publ) ("AAC" or the "Company") has mandated Erik Penser Bank to investigate the prerequisites to carry out a directed new issue of a maximum of 19 241 551 shares (the "Directed Issue") through an accelerated bookbuilding procedure (the "Bookbuilding Procedure").


AAC Clyde Space förvärvar amerikanska SpaceQuest för 8,4 MUSD

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") har avtalat om att förvärva samtliga aktier i amerikanska SpaceQuest Ltd med betalning genom
24 000 000 nya AAC aktier till SpaceQuests nuvarande ägare. 8,4 MUSD är beräknad på en aktiekurs om 3,15 kronor och en växelkurs för den amerikanska dollarn på 9,00 kronor. Förvärvet är föremål för godkännande av en extra bolagsstämma i AAC och kommittén för utländska investeringar i USA CFIUS.


AAC Clyde Space to acquire U.S. SpaceQuest for 8.4 MUSD

2020-10-15 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. 8.4 MUSD is calculated on an AAC share price of SEK 3.15 per share and an exchange rate of 9.0 SEK to one (1) US dollar. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).


AAC Clyde Space förvärvar Hyperion Technologies för 22,8 MSEK

2020-10-07 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") har avtalat om att förvärva 100% av aktierna i Hyperion Technologies BV, med betalning i aktier och kontanter. Hyperion Technologies nuvarande ägare kommer att erhålla 7 755 000 nya aktier i AAC, motsvarande ca 21,7 MSEK beräknat på 2,80 SEK per aktie samt 0,1 MEUR (ca 1,1 MSEK) kontant, villkorat av extra bolagsstämmans godkännande.


AAC Clyde Space to acquire Hyperion Technologies for 22.8 MSEK

2020-10-07 AAC Clyde Space AB (publ)
AAC Clyde Space ("AAC") has reached an agreement to acquire 100 % of the shares in Hyperion Technologies BV, in a shares and cash deal. The current owners of Hyperion Technologies will receive 7,755,000 new shares in AAC, equivalent to approximately 21.7 MSEK calculated at 2.80 SEK per share and 0.1 MEUR (approx. 1.1 MSEK) in cash, subject to approval by the AAC EGM.


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