Skyworks Aeronautics has also strengthened its executive team through recent recruitment and added a partnership in electric aircraft
The company plans to SPAC merger or traditional IPO Market Shift
CHICAGO--(BUSINESS WIRE)--Skyworks Aeronautics Corp. today announced that it has received a US$100 million investment commitment from Luxembourg-based private alternative investment group GEM Global Yield LLC SCS ("GEM"). According to the agreement between the two parties, GEM will provide Skyworks Aeronautics with a total of up to US$100 million in stock subscription financing within 36 months after Skyworks Aeronautics’s common stock is publicly listed. Skyworks Aeronautics will determine the time and maximum withdrawal amount of the financing on its own, and there is no minimum withdrawal obligation. At the same time that Skyworks Aeronautics shares are publicly listed, Skyworks Aeronautics will issue warrants to GEM, and GEM can purchase up to 3% of the company's common stock.
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Mr. Steve Stevanovich, Co-Executive Director of Skyworks Aeronautics, said: "Skyworks Aeronautics looks forward to working with GEM. We will continue to work hard to bring cutting-edge aircraft to the market. We believe that GEM is an excellent partner who recognizes our vision and understands our technology. Prospects and potential."
Skyworks Aeronautics will use the funds to advance the commercialization of its advanced rotorcraft, including the eGyro™ electric air taxi for urban air traffic and the VertiJet™ VTOL aircraft with speeds of up to 400 miles per hour, which can directly compete with helicopters. At the same time, it is faster, longer range, and lower operating costs than helicopters.
Retired Army Brigadier General and Skyworks Aeronautics Co-Executive Director John Michel added: "With our experienced leadership and technical team, as well as a strong intellectual property portfolio, this investment commitment by GEM will make Skyworks Aeronautics the world's first rotary-wing aircraft. Large-scale commercial company. Whether it is to provide economical alternatives to vertical lifts for developing countries, or to bring revolutionary electric aircraft capabilities to air transportation, or to disrupt vertical take-off and landing platforms, Skyworks Aeronautics is expected to be in Play a transformative role in the rapidly developing air traffic industry."
The agreement was reached after Skyworks Aeronautics recently announced its cooperation with Mobius.energy on electric aircraft. Skyworks Aeronautics and Mobius.energy will collaborate to produce the advanced electric rotorcraft eGyro™. Skyworks Aeronautics eGyro™ aims to use the inherent safety and superior performance advantages of rotorcraft to create an eVTOL system that can provide an unparalleled practical, economical and scalable solution for intra-city and inter-city passenger and cargo transportation. With Skyworks Aeronautics' proprietary auto-rotating main rotor design, eGyro™ has superior performance and unprecedented safety, breaking through many major limitations in the existing eVTOL system concepts. Mobius.energy has developed an advanced battery module architecture optimized for electric aircraft for eGyro™.
Recently, Mr. Barry Jones joined the senior technical staff of Skyworks Aeronautics as the Director of Aviation Operations and Chief Pilot. Mr. Jones is a retired British Army Air Force captain, as well as an outstanding pilot and a trainer of many aircraft types. He served as the chairman of the British Rotorcraft Association (the organization responsible for the management of rotor flight in the UK), and successfully cooperated with aviation regulatory agencies across Europe on certification matters. In the past ten years, Jones has been working in the field of gyroscope research and development, successfully developing and launching a number of important rotorcraft enhancement concepts. Jones will lead the certification of Skyworks Aeronautics. The complete list of members of the senior leadership team can be found at the following link: https://www.skyworks-aero.com/#section-teamone
关于Skyworks Aeronautics
Skyworks Aeronautics is a global leader in the research and design of rotary wing flight and sustainable autorotating aircraft, with the world's leading rotary wing aircraft technology. Skyworks Aeronautics has more than 40 patents, and several patents are pending. All of these patents have a common goal: to fundamentally change the way people perceive and use rotorcraft. From large-scale personnel transportation, agriculture, national defense, and border protection to truly changing the economies of developing countries, Skyworks Aeronautics aims to change the nature of vertical flight. For more information about the company, company products, and Skyworks Aeronautics team members, please visit www.Skyworks-Aero.com .
About GEM
Global Emerging Markets ("GEM") is an alternative investment group with assets of up to US$3.4 billion, with offices in Paris, New York and Los Angeles. GEM manages a series of investment tools for emerging markets and has completed more than 400 transactions in 70 countries. Each investment tool has varying degrees of operational control, risk-adjusted returns and liquidity capabilities. GEM's series of funds and investment tools provide the Group and its partners with opportunities in the following areas: small and medium-sized enterprise management buyouts, private investments in public equity, and carefully selected venture capital.