Urthecast Corp T.UR

Primary Symbol: LFDEF

Technology Software - Application

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.

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Urthecast Corp > SADI 1.4 Million payment

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Comment by onxy10122012on Mar 31, 2020 5:38pm

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Post# 30866063

RE:RE:RE:SADI 1.4 Million payment

So they fell out of compliance with SADI after closing the credit facility with RBC which they had to do as part of the 1st UrtheDaily financing agreement in 2018.

As far as I know this is the first SADI money they have received since they fell out of compliance when they closed the LOC with RBC back in early 2018.

Now SADI has waived that condition to give them 1.4 million in reimbursement costs and that would need to be for good reason IMO, like they see Urthecast surviving otherwise why waste the funds. Urthecast must have strongly convinced them that they will get the needed financing for UrtheDaily.

Urthecast lives another day thank you SADI

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