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U.S. Patent Office Issues Additional Patent for Skyworks Aeronautics' Precision Airdrop System

U.S. Patent Office Issues Additional Patent for Skyworks Aeronautics' Precision Airdrop System
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Redirecting to Skyworks Aeronautics Announces $100 Million Investment Commitment from GEM as Company Seeks to Go Public in Coming Months


February 6, 2021 aviationfinance & economy
Skyworks Aeronautics Announces $100 Million Investment Commitment from GEM as Company Seeks to Go Public in Coming Months
Skyworks Aeronautics Corp. today announced a $100 million investment commitment from GEM Global Yield LLC SCS (GEM), the Luxembourg based private alternative investment group. Under the agreement, GEM will provide Skyworks Aeronautics with a Share Subscription Facility of up to $100 million for a 36-month term following a public listing of the Skyworks Aeronautics common stock. Skyworks Aeronautics will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation. Concurrent with a public listing of Skyworks Aeronautics shares, Skyworks Aeronautics will issue warrants to GEM to purchase up to 3% of the common stock of the company. ....

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