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.

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Post by urthecaston Dec 08, 2021 8:49pm

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Post# 34212841

UrtheCast Restructuring

UrtheCast Obtains Initial Order under Companies' Creditors Arrangement Act (Canada) on September 04, 2020
1269336 B.C. Ltd registered as a new company on October 09, 2020 (https://bit.ly/2SAtVEp)
On October 16, 2020, the Petitioners obtained an order from the Court that amongst other things …. b) approved the Sale and Investment Solicitation Process set forth herein (the "SISP"). The following table sets out the key milestones under the SISP:

Milestone	Deadline
Teaser Letter sent to potential Known Potential Bidders	A soon as practicable and, in any case, not later than October 16, 2020
Phase 1 Bid Deadline	November 6, 2020
Phase 2 Bid Deadline	To be specified in Phase 2 Bid Process Letter, but in any case not later than November 18, 2020
Auction (if required)	November 23, 2020

A name changes of 1269336 B.C. Ltd to EarthDaily Canada Holdings Corp on November 20, 2020 (https://bit.ly/3hlkLno).

Licence #	Business Name	Office Address*	Business Type	Issued	Expired
21-160949	EarthDaily Canada Holdings Corp	1055 Canada Place, Unit #33, Vancouver, BC V6C 0C3	Office Other	2020-12-10	2021-12-31
20-323340	EarthDaily Canada Holdings Corp	1055 Canada Place, Unit #33, Vancouver, BC V6C 0C3	Office Other	2020-11-27	2020-12-31

* This is the same office address of the UrtheCast Corp

April 19, 2021 EarthDaily Analytics, formed from UrtheCast with backing from Antarctica Capital, has taken on three lobbyists to help it obtain financing from the Canadian government (https://bit.ly/3qxtp6F) (https://bit.ly/3AeSfNc)
On April 21, 2021 UrtheCast published on its website that Antarctica Capital Announces Formation of EarthDaily Analytics (https://bit.ly/2SE7xKm).
May 31, 2021 The Canadian Space Agency has awarded SpaceAlpha Insights Corp. a $2 million Space Technology Development Program contract to develop Synthetic Aperture Radar satellite on-board processing technology (https://bit.ly/3y2HueM).
June 18, 2021 non-repayable contribution CAD $999,916 awarded under STDP by the Canadian Space Agency to EarthDaily Canada Holdings Corp (https://bit.ly/3qxlGpf).