IMASF - Airborne Wireless Network Files For IPO Uplisting To NASDAQ
Quick Take
Airborne Wireless Network (OTCQB:ABWN) intends to sell "Units" consisting of stock and warrants to purchase additional stock at 110% of the original share price for gross proceeds of $21.55 million from a U.S. IPO, according to an S-1 registration statement.
The firm is an early stage company which intends to use commercial aircraft as ‘mini-satellites’ for its Wholesale Carrier Network. The patented technology would provide connectivity for worldwide broadband carrier services using commercial aircraft.
ABWN is in the very early stages of developing its solution and appears to be using