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An update from Space Com ( (IL:SCC) ) is now available.
Space Communication Ltd. recently held a bondholder meeting where a decision was made to postpone the principal payment date from February 27, 2025, to March 31, 2025, with a provision for the trustee to further delay it by an additional month if necessary. This decision, requiring a two-thirds majority approval, reflects the company’s strategic financial adjustments and may impact its financial obligations and stakeholder relationships. The decision was approved with an overwhelming majority, indicating strong support from the bondholders.
More about Space Com
Space Communication Ltd., known as Space Com, operates in the telecommunications industry, primarily focusing on satellite communication services. The company is engaged in providing satellite-based communication solutions to a diverse range of markets.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.53M
Learn more about SCC stock on TipRanks’ Stock Analysis page.