An announcement from Space Com ( (IL:SCC) ) is now available.
Space Com has announced its intention to seek court approval to extend the conversion and redemption dates of its Series Y bonds. The company aims to move the final conversion date to June 19, 2025, and the final redemption date to June 29, 2025, as per stock exchange guidelines. This decision reflects ongoing adjustments to align with regulatory requirements and involves a meeting with bondholders for consent on this change.
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Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.86M
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