Setterwalls has advised AAC Clyde Space in connection with directed issues of up to SEK 140 million to Bonnier Capital, which becomes the company’s largest shareholder

AAC Clyde Space develops and supplies technology for small satellites and services that help authorities, companies and organisations access high-quality data from space. The company is an expert in satellite components, complete satellite missions and data services, and offers comprehensive solutions that transform space data into concrete benefits for society. The services are used in areas such as weather monitoring, maritime safety, defence, agriculture and forestry.

The directed issues strengthen the company’s financial position and its long-term ownership structure, providing the stability and resources needed to deliver on the company’s strategy and enabling further continued growth in a market where the demand for space-based information is increasing rapidly. AAC Clyde Space is headquartered in Uppsala, Sweden, with main operations also in the UK, the Netherlands, South Africa, and the USA. The company’s shares are traded on Nasdaq First North Premier Growth Market in Stockholm (Ticker: AAC) and on the US OTCQX Market (Symbol: ACCMF).