AERKOMM plans to switch listing to major US stock exchange via US listed SPAC – LOI signed

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AERKOMM Inc, (Euronext: AKOM, [OTCQX: AKOM]), an innovative satellite communication technology company providing solutions to the public and private sectors, has signed a Letter of Intent ("LOI") with a US-listed Special Purpose Acquisition Company, a publicly traded Special Purpose Acquisition Company, regarding the possibility of merging with a major US exchange so that AERKOMM can move its stock market listing. 
Among the highlights
As per [Rule 61003 of the Euronext Rule Book I: Harmonised Rules of the Euronext Exchange] this notification is being made.
AERKOMM's Chief Executive Officer, Louis Giordimaina, commented as follows:
In the rapidly growing industry sector of satellite communications, we have developed a range of next generation satellite communications technologies that we believe will revolutionize the field.
We have expanded our business focus from the in-flight entertainment and communication market to the surging market for network resilience, as a result of which we have been able to provide innovative, cost-effective satellite services for the aviation, mobility, and terrestrial networks sectors.

Source prnewswire

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