#Sweden #Stockholm #GomSpace #Space Sector #EUR 7 Million

GomSpace Secures EUR 7 Million for Growth Strategy

On March 30, 2026, GomSpace, a prominent company in the small satellite industry, announced a significant financial move by drawing down EUR 7 million (approximately SEK 75 million) from its established shareholder credit facility. This decision marks the third tranche of the total EUR 18 million credit line, which is backed by Peter Kendal Hargreaves, the company's principal shareholder.

This additional funding is strategically aligned with GomSpace's vision of expanding its operations and enhancing its capabilities to capture the growing opportunities within the space sector. As investments in space technology increase from governmental and private entities alike, GomSpace aims to bolster its commercial potential and refine its market outreach. The capital obtained through this tranche is expected to fuel the launch of new business units focusing on complex missions, defense applications, and other key areas.

CEO Carsten Drachmann expressed optimism regarding this financial boost: "This tranche supports our ambition to capitalize on the substantial growth opportunities that are surfacing in the space industry. With rising demand driven by both commercial and governmental investments, we are scaling our organization and sharpening our market approach to position GomSpace at the forefront of these developments. It gives us the flexibility to invest where it matters most and to execute with speed and discipline."

The latest EUR 7 million drawdown follows previous disbursements from earlier tranches amounting to EUR 11 million. According to the terms of this financial agreement, the utilization of Tranche C will also trigger the issuance of 495,235 warrants to the lender, Hargreaves.

With this funding, GomSpace will have utilized the full EUR 18 million available under this shareholder credit facility, resulting in a total of 3,301,566 warrants being held by Hargreaves. As per the current conditions governing the warrants, each entitles the holder to subscribe to 1.43 new shares of the company at a subscription price based on the company's share value at the time of exercise, which is currently SEK 0.07. The warrants are valid for exercise until December 31, 2039.

Moreover, all tranches (A, B, and C) under this facility share a five-year maturity period and will have no penalty for amortization until they reach maturity. The interest rate for Tranche C is set at seven percent per annum, while Tranche B is eight percent, and Tranche A carries a ten percent interest rate.

For those interested in learning more about the details of the original credit facility and any significant revisions made, GomSpace has released additional materials on their website and other channels since November 2022.

Founded in 2007, GomSpace is recognized globally as a supplier of small satellite solutions, catering to an extensive clientele across over 60 countries. Primarily operational through its subsidiary, GomSpace A/S, based in Aalborg, Denmark, the company also maintains key facilities in Luxembourg, France, and the USA. Notably, GomSpace develops advanced systems and services aimed at assisting governments, commercial entities, and research institutions in realizing their objectives within the expansive domain of space exploration.

The company is listed on the Nasdaq First North Premier Growth Market in Stockholm under the ticker symbol GOMX, offering a variety of innovative space solutions that promote cost-effective and efficient access to space technology.

For further inquiries, stakeholders can reach out to Anne Breüner, GomSpace's Head of Corporate Affairs, at +45 40 200 192 or via email at [email protected].