Maritime Launch Services Transforms Debentures into Common Shares After Securing $10 Million Investment

Maritime Launch Services Converts Debentures to Shares

In a significant financial move, Maritime Launch Services Inc. (Cboe CA: MAXQ) (OTCQB: MAXQF), a prominent Canadian commercial space company, has declared the complete conversion of its outstanding convertible debentures into common shares. This conversion, announced on November 12, 2025, follows the company securing a $10 million equity investment.

Details of the Conversion

Maritime Launch Services will issue a staggering 208,844,288 common shares as part of this conversion deal. This move is a pivotal step for the company, which has managed to bring in $10,427,287 in total principal, plus accrued interest from its convertible debentures, all set to be converted at a price of $0.05 per share. This conversion was initiated in light of the aforementioned investment at a significantly higher valuation of $0.223 per share.

As of today, all convertible debentures held by Maritime Launch are effectively retired, enhancing the company's financial standing and simplifying its capital structure. The total number of issued and outstanding common shares now stands at 749,955,801.

Share Structure Overview

In addition to the common shares issued, Maritime Launch has a notable outstanding warrant count of 8,899,085 and stock options amounting to 35,391,655. These warrants and options range in exercise prices from $0.05 to $0.167, enabling holders to acquire additional common shares if exercised. This strategic move indicates increased investor confidence in the company’s operations, especially in light of the growth expected in the commercial space sector.

Looking Ahead: Strategic Implications

This transition not only reinforces Maritime Launch’s commitment to expanding its service offerings but also positions it favorably within the wider aerospace market. The conversion signals a robust strategy to attract more investors while underpinning the financial viability of Spaceport Nova Scotia, Canada’s first commercial orbital launch site. This launch facility is paramount for providing enhanced satellite delivery services and capitalizing on the burgeoning demand within the commercial space transportation industry.

Maritime Launch is making strides that could redefine its influence within the industry. The conversion of debentures into shares largely mitigates prior debt obligations and clears the way for future growth. The funds raised from the new equity will potentially fund advancements in space operations, technology development, and expansion of the Spaceport Nova Scotia initiative.

Conclusion: Future Prospects

As the commercial space industry continues to gain traction globally, Maritime Launch Services is strategically positioned to grow its market share and service capabilities. The conversion of convertible debentures signals a strong performance outlook as the company undertakes significant initiatives to enhance its launch capabilities.

With increasing support from investors and partners, Maritime Launch Services is on a trajectory towards success in the competitive space sector, poised to meet any emerging opportunities and challenges. As it looks toward the future, the company is embracing innovative approaches that align with the goals of a sustainable and robust space transport infrastructure.

For more insights into Maritime Launch Services and its growing network of commercial space applications, visit Maritime Launch's official website.