The Committee on Foreign Investments in the United States (CFIUS) has determined that there are no unresolved national securities concerns with AAC Clyde Space acquiring SpaceQuest Ltd.
AAC Clyde Space will now initiate the closing process which is expected to be finalized during December of 2020.
AAC Clyde Space announced on October 15 that they had reached an agreement to acquire 100% of the shares in SpaceQuest Ltd. in an all shares deal, subject to approval by CFIUS.
The group AAC Clyde Space offers turnkey solutions and services from mission design to on-orbit operations, including reliable customizable satellite platforms in the range of 1 to 50 Kg and a full range of subsystems for cube and small satellites. With unrivaled flight heritage and end-to-end service, AAC Clyde Space enables customers to reach their mission goals through a single, trusted point of contact. AAC Clyde Space’s shares are traded on Nasdaq First North Premier Growth Market. The share is also traded on the US OTCQX-market under the symbol ACCMF.