Encore Technologies to invest $1M in Solstar Space via convertible loan
What's the deal? Encore TechnologiesDealroom has a profile for this one. Try Dealroom →, a Vancouver-listed company (CSE:ENCR), has signed a binding term sheet to invest $1 million in Solstar SpaceDealroom has a profile for this one. Try Dealroom → through a convertible loan.
Solstar builds communications infrastructure for the emerging space economy, aiming to keep spacecraft, operators, and future space-based systems connected.
To fund the deal, Encore plans a concurrent non-brokered private placement of up to C$1.4 million at C$0.26 per share. The financing is a condition of the investment.
Why now? Solstar's Deke Space Communicator is operating on-orbit aboard the MomentusDealroom has a profile for this one. Try Dealroom → Vigoride 7 mission, launched by a SpaceX Falcon 9 in March 2026.
NASA, DARPA, and a commercial space data centre operator are all using the Deke service on that mission — a commercial milestone Encore wants exposure to.
Encore believes the next 24 months will be critical to Solstar's evolution into a foundational communications platform.
What could go wrong? The investment hinges on Encore completing its financing and signing definitive documentation, so the deal is not yet final.
A convertible loan also leaves Encore's return tied to Solstar reaching commercial deployment, which is still ahead.
The signal: Solstar, still an early-stage company, sits in the commercial space-based connectivity niche where on-orbit demand from agencies like NASA and DARPA is pulling startups toward commercial deployment. Encore's convertible loan is a corporate bet that securing exposure now — ahead of that 24-month window — is cheaper than building the infrastructure itself.
Read more: wallstreet-online.de
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