The Space Investor - 🚀 Kleos Space Goes Bankrupt

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• The Luxembourg- based geospatial intelligence startup has run into liquidity issues as the company’s financier decided it will no longer extend additional credit. 
   
• Kleos trades on the Australian Securities Exchange (ASX) and notified the exchange of its plans to file for bankruptcy on July 25.
   
• After it was unable to secure funding, “the company’s board has had no alternative but to acknowledge that the Company is unable to meet its financial commitments as they fall due, and that there is no prospect of viable alternative financial accommodation,” noted Lous Weis, spokesman of Kleos.

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