Setterwalls has advised AAC Clyde Space in connection with a directed share issue

Setterwalls has acted as legal advisor to AAC Clyde Space AB in connection with a directed new share issue to a number of institutional and qualified investors. The issue strengthens the company’s financial position and enables continued focus on its strategic priorities and growth within space-based data services. This includes enhancing the company’s offering to the rapidly growing European defense and security sector, where the demand for space-based intelligence is increasing significantly.

AAC Clyde Space provides small satellite technologies and services that help governments, businesses and institutions access high-quality data from space. Covering satellite components, mission services and space-based data delivery, the company offers end-to-end solutions that turn space-based intelligence into real-world impact. Applications include weather monitoring, maritime safety, security and defence, agriculture and forestry.