- Kleos Space (KSS) has raised $19 million to progress its next satellite clusters
- The company will issue over 26 million CHESS Depositary Interest (CDIs) to new and existing investors at 72 cents each
- Funds from the placement will be used for the next satellite clusters which will be launched in mid-2021
- The placement follows the successful launch of its Kleos Scouting Mission
- Additionally, Kleos aims to launches its third cluster of satellites before the end of 2021
- On the market today, Kleos is down 6.98 percent and is trading for 80 cents per share
