ASX-listed Electro Optic Systems’ preparations to spin off satellite telecommunications subsidiary SpaceLink are underway, with the company seeking to raise $100 million via the sale of pre-IPO convertible notes.
The raising will likely precede a NASDAQ or ASX listing in the next 18 months.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
