Audacy announced today that it had achieved a significant milestone by securing pre-service commercial agreements valued at over US$100 Million. The companies represented in these agreements span across the globe and over a wide range of space applications including NGSO Earth Observation satellites, IoT and Broadband constellations, launch vehicles and deep space missions.
Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") ("Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, announced today it has closed a $4 million venture loan to Audacy Corporation ("Audacy").
Audacy announced today that the U.S. Federal Communications Commission (FCC) has granted Audacy a license to operate the first commercial inter-satellite data relay network. Audacy will use the spectrum to provide real-time downlink, continuous monitoring, and always-on command services to customers’ LEO spacecraft.