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Urthecast Corp 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.


GREY:LFDEF - Post by User

Urthecast Corp > BIDCO proposal
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Post by Bazveston Jan 08, 2021 2:17pm
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Post# 32255576

BIDCO proposal

BIDCO proposalHere is what I'm understanding of the stalking horse bid;

BIDCO is buying UR for $69.3M (i.e. all assets) which take the form of:

1 M cash
11,7M -debt to SADI
20.5M - Land O Lakeds debt
36.1M - in the form of 35% of BIDCO equity to secured lenders
69.3M

What is not clear to me, is who gets the remaining 65% equity in BIDCO?
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