Boustead Client Aerkomm Approved for Secondary Listing on Euronext Paris
Trading Scheduled to Begin Tuesday July 23
Boustead Securities, LLC client Aerkomm Inc. (OTCQX: AKOM; Euronext Paris: AKOM), a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry, announced that the French Autorité des Marchés Financiers (AMF) has granted on July 17, 2019 visa number 19-372 on the prospectus relating to the admission of Aerkomm's common stock to listing and trading on the Professional Segment of the regulated market of Euronext Paris (“Euronext Paris”). The attention of investors is drawn to the risk factors described in the prospectus.
Boustead Securities serves as Underwriter to AKOM, and has conducted multiple closings of the sale of the Company’s securities in an S-1 Offering, totaling USD$50,020,894 to date.
Aerkomm's common stock is scheduled to begin trading on Euronext Paris on July 23, 2019 under the symbol “AKOM” and will be denominated in Euros on Euronext Paris. We believe this listing will not alter Aerkomm's share count, capital structure, or current stock-listings on the OTCQX, where it also trades under the symbol “AKOM.” Jeffrey Wun, CEO of Aerkomm said, “We are pleased to be listing our shares on Euronext Paris. This listing will bring us closer to prospective customers of our in-flight entertainment and connectivity services in the European region and may allow us to broaden our base of shareholders. We are excited to reach this important milestone and look forward to raising awareness of Aerkomm's business among potential customers and investors in the weeks and months ahead.”
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved.
About Aerkomm, Inc.
Aerkomm Inc. (OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its prospective airline partners and passengers for free, generating revenue through advertising and on-board transactions. For more information, please visit www.aerkomm.com.
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions. Our core value proposition is our ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, please visit www.boustead1828.com.
About Boustead Capital Markets, LLP
Boustead Capital Markets, LLP a London-based FCA-regulated company possesses rich experience and exceptional capabilities in capital markets deal execution and is dedicated to providing best-in-class one-stop financial services to clients.
About Boustead & Company Limited
Boustead & Company Limited is a diversified and comprehensive non-bank financial institution with offices in Los Angeles, New York, San Francisco, London and Beijing that is rapidly expanding in growth markets throughout the US and Asia. Boustead’s comprehensive financial services platform consists of four operating units: Boustead Securities, LLC a US-based FINRA Broker/Dealer and middle-market investment bank; Sutter Securities Group, Inc. which owns three FINRA-regulated entities: Sutter Securities Inc., Sutter Securities Clearing, LLC and FlashFunders Funding Portal, LLC, along with fund manager Sutter Capital Management, Inc.; Sutter Capital Partners, LLC a California Registered Investment Advisor; and Boustead Capital Markets, LLP a London-based FCA-regulated company.
About Sutter Securities Group, Inc.
Headquartered in Irvine, California, Sutter Securities Group, Inc. (“SSG”), founded in 2013, through its affiliates, is an innovator and investment banking solutions provider. SSG owns and operates Sutter Securities Clearing, LLC and Sutter Securities Inc., both FINRA member broker-dealers; Sutter Capital Partners, LLC, a California Registered Investment Advisor, Sutter Shareholder Services, LLC, a SEC-registered transfer agent; FlashFunders Funding Portal, LLC, a FINRA member funding portal; and Sutter Capital Management, Inc. SSG, through its affiliates, operates a U.S.-based online securities platform whose underlying technology and regulatory infrastructure are designed to enable issuers to engage in Regulation D, Regulation A (known as Reg A+), Regulation S, Regulation CF and fully registered S-1 and F-1 Initial Public Offerings in compliance with applicable federal, state and non-U.S. securities laws. SSG is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. Additional information is available at www.suttersecurities.com and www.flashfunders.com.
Forward Looking Statements
The Company has made statements in this press release that are considered "forward-looking statements" which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in the "Risk Factors" section of the Final Offering Circular. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or circumstances, or changes in the Company’s expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.