Aerkomm closes $43.56 million in funding

Aerkomm has sold a total of 5,124,706 shares of its common stock at $8.50 per share or $43,560,000 in gross proceeds in its ongoing public offering. Boustead Securities is sole underwriter for this “best efforts” offering. Aerkomm continues to accept subscriptions in its offering at $8.50 per share up to a maximum of $69 million. The offering has been extended and will remain open until September 5, 2018. Aerkomm, through its wholly owned operating subsidiary, Aircom Pacific, is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. Aerkomm Chairman and CEO Jeffrey Wun said,