Allied Minds has announced the sale of its stake in HawkEye 360 for $65.6m to Advance Publications, a US family office. The transaction is expected to complete in Q419, subject to shareholder approval (shareholders representing 58% of shares have indicated they will vote in favour). HawkEye 360 announced its $70m Series B funding round in August 2019, backed by Airbus and Esri, at a pre-money valuation of $200m. The Advance offer has been struck at a c 13% discount to the fully diluted valuat
24 Sep 2019
Allied Minds - Sale of HawkEye 360, returns to shareholders
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Allied Minds - Sale of HawkEye 360, returns to shareholders
Allied Minds has announced the sale of its stake in HawkEye 360 for $65.6m to Advance Publications, a US family office. The transaction is expected to complete in Q419, subject to shareholder approval (shareholders representing 58% of shares have indicated they will vote in favour). HawkEye 360 announced its $70m Series B funding round in August 2019, backed by Airbus and Esri, at a pre-money valuation of $200m. The Advance offer has been struck at a c 13% discount to the fully diluted valuat