{"id":381526,"date":"2020-11-16T07:33:24","date_gmt":"2020-11-16T12:33:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381526"},"modified":"2020-11-16T07:33:24","modified_gmt":"2020-11-16T12:33:24","slug":"aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/","title":{"rendered":"Aerkomm Announces Registration Statement for Public Offering of Common Stock"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">FREMONT, Calif.<\/span>, <span class=\"xn-chron\">Nov. 16, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Aerkomm Inc. (&#8220;Aerkomm&#8221; or &#8220;the Company&#8221;) (Euronext Paris: AKOM; OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that on <span class=\"xn-chron\">November 5, 2020<\/span>. it filed an S-1\/A3 registration statement amendment with the Securities and Exchange Commission (the &#8220;SEC&#8221;) relating to a proposed offering of up to <span class=\"xn-money\">Euro 40 million<\/span> in new shares of its common stock. The price for the shares of common stock to be offered is expected to be \u20ac20.50\u00a0per share. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/697909\/Aerkomm_Inc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/697909\/Aerkomm_Inc_Logo.jpg\" title=\"(PRNewsfoto\/Aerkomm Inc.)\" alt=\"(PRNewsfoto\/Aerkomm Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Company plans to use the proceeds from this offering for general corporate purposes, including working capital, product development, marketing activities, expanding its internal organization and other capital expenditures including the building of the Company&#8217;s first ground station and data center in the <span class=\"xn-location\">Asia<\/span> region.<\/p>\n<p>The offering will be made only by means of a prospectus filed with the SEC. A copy of the preliminary prospectus relating to the offering is available, for free, on the SEC&#8217;s website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982554-1&amp;h=1407900784&amp;u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F0rlTC2kg7LSRkQ4Ai1ya4r%3Fdomain%3Dsec.gov&amp;a=https%3A%2F%2Fwww.sec.gov%2FArchives%2Fedgar%2Fdata%2F1590496%2F000121390020035203%2F0001213900-20-035203-index.htm\" rel=\"nofollow noopener noreferrer\">https:\/\/www.sec.gov\/Archives\/edgar\/data\/1590496\/000121390020035203\/0001213900-20-035203-index.htm<\/a>. A copy also may be obtained from the Company. A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.<\/p>\n<p>\n        <b>About Aerkomm Inc.<\/b>\n      <\/p>\n<p>Aerkomm Inc. (Euronext Paris: AKOM; OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.<\/p>\n<p>More information about Aerkomm is available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982554-1&amp;h=4235682038&amp;u=http%3A%2F%2Fwww.aerkomm.com%2F&amp;a=www.aerkomm.com\" rel=\"nofollow noopener noreferrer\">www.aerkomm.com<\/a>. <\/p>\n<p>\n        <b>Safe Harbor Statement<\/b>\n      <\/p>\n<p>This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our periodic filings with the Securities and Exchange Commission (the &#8220;SEC&#8221;) under the Securities Exchange Act of 1934, as amended, as well as in our Registration Statement on Form S-1 filed with the SEC (SEC File No. 333-237942) on <span class=\"xn-chron\">April 30, 2020<\/span>, as amended to date. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; and &#8220;would&#8221; or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.<\/p>\n<p>\n        <b>Investor Relations Contact:<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">William Zima<\/span><br \/>\n        <br \/>ICR Inc.<br \/><a target=\"_blank\" href=\"mailto:William.Zima@icrinc.com\" rel=\"nofollow noopener noreferrer\">William.Zima@icrinc.com<\/a><br \/>+1 (203) 682-8233<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF92530&amp;sd=2020-11-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-301173402.html\">http:\/\/www.prnewswire.com\/news-releases\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-301173402.html<\/a><\/p>\n<p>SOURCE  Aerkomm Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF92530&amp;Transmission_Id=202011160730PR_NEWS_USPR_____SF92530&amp;DateId=20201116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire FREMONT, Calif., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Aerkomm Inc. (&#8220;Aerkomm&#8221; or &#8220;the Company&#8221;) (Euronext Paris: AKOM; OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that on November 5, 2020. it filed an S-1\/A3 registration statement amendment with the Securities and Exchange Commission (the &#8220;SEC&#8221;) relating to a proposed offering of up to Euro 40 million in new shares of its common stock. The price for the shares of common stock to be offered is expected to be \u20ac20.50\u00a0per share. The Company plans to use the proceeds from this offering for general corporate purposes, including working capital, product development, marketing activities, expanding its internal organization and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aerkomm Announces Registration Statement for Public Offering of Common Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381526","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aerkomm Announces Registration Statement for Public Offering of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aerkomm Announces Registration Statement for Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire FREMONT, Calif., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Aerkomm Inc. (&#8220;Aerkomm&#8221; or &#8220;the Company&#8221;) (Euronext Paris: AKOM; OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that on November 5, 2020. it filed an S-1\/A3 registration statement amendment with the Securities and Exchange Commission (the &#8220;SEC&#8221;) relating to a proposed offering of up to Euro 40 million in new shares of its common stock. The price for the shares of common stock to be offered is expected to be \u20ac20.50\u00a0per share. 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(&#8220;Aerkomm&#8221; or &#8220;the Company&#8221;) (Euronext Paris: AKOM; OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that on November 5, 2020. it filed an S-1\/A3 registration statement amendment with the Securities and Exchange Commission (the &#8220;SEC&#8221;) relating to a proposed offering of up to Euro 40 million in new shares of its common stock. The price for the shares of common stock to be offered is expected to be \u20ac20.50\u00a0per share. The Company plans to use the proceeds from this offering for general corporate purposes, including working capital, product development, marketing activities, expanding its internal organization and &hellip; Continue reading \"Aerkomm Announces Registration Statement for Public Offering of Common Stock\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T12:33:24+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/697909\/Aerkomm_Inc_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Aerkomm Announces Registration Statement for Public Offering of Common Stock","datePublished":"2020-11-16T12:33:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/"},"wordCount":627,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/697909\/Aerkomm_Inc_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/aerkomm-announces-registration-statement-for-public-offering-of-common-stock-2\/","name":"Aerkomm Announces Registration Statement for Public Offering of Common Stock - 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