MDA Space Makes $10 Million Investment in Maritime Launch becoming an Equity Owner and a Strategic Partner

Core Insights - MDA Space Ltd. has made a $10 million equity investment in Maritime Launch Services Inc. at a price of $0.223 per share, marking a significant step in enhancing Canada's sovereign space capabilities and competitiveness in the global launch services market [1][2][3] Company Developments - The investment will accelerate the readiness of Spaceport Nova Scotia for orbital launch operations, providing reliable domestic launch capabilities for various clients, including commercial, civil, government, and defense sectors in Canada [3][4] - MDA Space is expected to become an operational partner at Spaceport Nova Scotia, supporting its development and future operations [3][4] - Maritime Launch Services is developing Spaceport Nova Scotia, Canada's first commercial orbital launch complex, designed to offer cost-effective and sustainable access to space for satellite delivery services [4][5] Economic Impact - The establishment of Spaceport Nova Scotia is anticipated to generate significant economic benefits across Canada, including the creation of high-quality jobs, local supply-chain development, and attracting global investments [5][6] Strategic Agreements - The transaction includes an Investor Rights Agreement, granting MDA Space certain rights, such as nominating a board member and pro-rata participatory rights in future financings related to Spaceport Nova Scotia [6][7]