Insider Brief
- Lynk Global filed an amended Form D with the SEC to raise $215.1 million, with $85.2 million secured to date.
- The offering includes equity, options, and warrants, with no minimum investment required and no broker fees paid.
- Lynk is expanding its satellite network to provide direct-to-mobile connectivity in areas without traditional cell coverage.
Lynk Global, Inc., a satellite-direct-to-mobile company, has filed an amended Form D with the U.S. Securities and Exchange Commission (SEC), seeking to raise $215.1 million. The filing, dated Feb. 11, 2025, states the company has secured $85.2 million so far, with $129.9 million remaining.
The Virginia-based company offers direct-to-phone satellite connectivity, targeting areas without traditional cell coverage. The offering includes equity, options, warrants, and rights to acquire securities. No minimum investment is required, and no commissions or fees have been paid to brokers, the SEC paperwork states.
The filing lists key executives, including CEO Ramu Potarazu, CFO Steven Fay, and directors Charles Miller, Mark Foster, and Himanshu Gulati. No funds will be used for payments to company executives, according to the disclosure.
Lynk previously filed a Form D for the offering in June 2024, based on the disclosure form. The company continues to expand its satellite network, aiming to eliminate mobile dead zones.
This filing follows a previous Form D submitted by Lynk Global on June 26, 2024, which reported the initial stages of this exempt offering. The recent amendment provides updated information on the progress of the offering and the company’s ongoing efforts to raise capital.
About Lynk
Lynk writes that its technology has been rigorously tested and proven effective across all seven continents. The company holds regulatory approvals in over 30 countries and has established more than 40 commercial service contracts with mobile network operators (MNOs), covering approximately 50 nations. These partnerships facilitate seamless integration with existing MNO networks, allowing users—from basic feature phone owners to advanced smartphone users—to access Lynk’s satellite connectivity services.
Lynk’s satellite-direct-to-phone system is designed to integrate seamlessly with existing mobile networks, providing ubiquitous coverage without requiring users to modify their devices. This approach not only extends connectivity to remote and underserved regions but also offers critical backup communication capabilities during natural disasters or other events that disrupt traditional cellular infrastructure. By partnering with Lynk, MNOs can tap into new revenue streams in previously unreachable markets, offering subscribers the assurance of continuous connectivity and contributing to economic development opportunities for billions of people.
As Lynk continues to deploy its satellite constellation, the company is scaling its services to provide not only two-way SMS messaging and emergency alerts but also plans to offer voice and mobile broadband services in the future.
The capital raised through this offering is expected to support those initiatives to expand its satellite constellation and enhancing its service offerings.
The SEC has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. Investors are advised to conduct their own due diligence before making investment decisions.
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