Astrocast SA lists on Euronext Growth Oslo
31 August 2021 – Astrocast SA, the leading Swiss IoT- focused nanosatellite company, floated its shares on the Euronext Growth market in Oslo. Prior to the listing on Euronext Growth Oslo, Astrocast offered new shares to investors and raised CHF 40 million in capital from investors including Palantir and a syndicate led by US-based Adit Ventures.
Astrocast SA is the most advanced global nanosatellite IoT network to tackle challenges in industries such as Agriculture & Livestock, Oil, Gas & Mining, Maritime, Environmental, Connected Vehicles, and IoT Devices. The Astrocast network enables companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world.
Walder Wyss acted as special Swiss counsel to Astrocast SA on Swiss law aspects of the transaction. The team was lead by Urs P. Gnos (Partner, Capital Markets, Corporate/M&A), Fabienne Anner (Managing Associate, Corporate/M&A) and Dimitrios Berger (Senior Associate, Capital Markets, Corporate/M&A) and further included Timon Nydegger (Associate, Corporate/M&A), Alice Vorburger (Senior Associate, Corporate/M&A), Michael Kissling (Associate, Corporate/M&A), Gaurav Bhagwanani (Senior Associate, Employment) and Michael Schmassmann (Associate, IP/IT, Antitrust & Competition).