Recent Insider Transactions • Jul 02
Founder recently sold CA$440k worth of stock On the 25th of June, Stephen Matier sold around 879k shares on-market at roughly CA$0.50 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Apr 19
Independent Chairman exercised options to buy CA$1.5m worth of stock. On the 15th of April, Sasha Jacob exercised options to buy 2m shares at a strike price of around CA$0.17, costing a total of CA$376k. This transaction amounted to 313% of their direct individual holding at the time of the trade. Since June 2025, Sasha's direct individual holding has increased from 70.00k shares to 718.83k. Company insiders have collectively bought CA$548k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Apr 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.5m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$15k revenue, or US$11k). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). Ankündigung • Mar 21
Maritime Launch Services Inc. Announces Chief Financial Officer Changes Maritime Launch Services Inc. announced the appointment of Gregory Rook, CPA, CA as Interim Chief Financial Officer, bringing deep experience in operational and development finance, financial controls, reporting systems, and strategic planning. He will work alongside Suzi Halfpenny, CPA, CA, a seasoned finance executive with expertise in capital markets and governance, to support disciplined financial management and execution. Together, they lead their own interim CFO practice and will work closely with the executive team and Board of Directors to ensure the company is positioned for growth and leveraging best-in-class sovereign systems to track and report financial performance. They will also support the CEO and his financial advisors in building out and hiring the permanent finance function. The interim finance leadership will also ensure continuity of financial controls, reporting, and compliance throughout the transition period. The company also announced that Philip Jones is retiring from his role as Chief Financial Officer following a transition period with the incoming leadership team. Ankündigung • Mar 03
Maritime Launch Services Inc., Annual General Meeting, May 14, 2026 Maritime Launch Services Inc., Annual General Meeting, May 14, 2026. Ankündigung • Nov 26
Maritime Launch Services Inc. Announces the Appointment of Ian Mcleod to Its Board of Directors, Effective November 25, 2025 Maritime Launch Services Inc. announced the appointment of Ian McLeod to its Board of Directors, effective immediately November 25, 2025. Mr. McLeod is a member of the executive leadership team at MDA Space, serving as Vice President of Corporate Development. Ian brings over 30 years of experience in the space and defence sectors. Mr. McLeod's career spans engineering, program management, business development, executive leadership, and international business, with projects delivered across North America, South America, Central America, the Middle East, Europe, and Asia. He holds a bachelor's and master's degrees in electrical engineering and business administration. Mr. McLeod joins the Board of Directors alongside Stephen Matier, President and Chief Executive Officer; Sylvain LaPorte; Rita Thiel; and Board Chair Sasha Jacob. New Risk • Nov 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 78% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$1.2m). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Revenue is less than US$1m. Ankündigung • Nov 03
Maritime Launch Services Inc. announced that it expects to receive CAD 10 million in funding from MDA Space Ltd. Maritime Launch Services Inc. announced private placement of 44,843,049 common shares at an issue price of CAD 0.223 for gross proceeds of CAD 9,999,999.927 on November 3, 2025. The transaction includes participation from Strategic Partner MDA Space Ltd. The transaction includes an Investor Rights Agreement, entered into between MDA Space and Maritime Launch, providing MDA Space with certain rights, including the right to nominate one individual to sit on the board of Maritime Launch and pro-rata participatory rights in future financings of the Spaceport. Ankündigung • Jul 22
Maritime Launch Services Inc., Annual General Meeting, Sep 22, 2025 Maritime Launch Services Inc., Annual General Meeting, Sep 22, 2025. New Risk • Jul 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$474k). Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (CA$16.8m market cap, or US$12.2m). New Risk • May 23
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$474k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$474k). Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.7m market cap, or US$8.54m). New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.6m market cap, or US$9.10m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Apr 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.6m (US$8.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.6m market cap, or US$8.99m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Ankündigung • Mar 06
Maritime Launch Services Inc. announced that it has received CAD 1.59995 million in funding On March 5, 2025. Maritime Launch Services Inc has closed the transaction. it has issued 31,999,000 shares at a price of CAD 0.05 for gross proceeds of CAD1,599,950. The company has incurred finders' fees associated with the financing of CAD 127,996 to be settled in shares and 2,559,920 broker warrants at a strike price of five cents per warrant, expiring in two years, as a further finder's fee. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$16.9m market cap, or US$11.7m). Ankündigung • Nov 14
Maritime Launch Services Inc. announced that it expects to receive CAD 1 million in funding Maritime Launch Services announced a private placement to issue 20,00,000 common shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 1,000,000 on November 13, 2024. The Offering is anticipated to close before December 7, 2024, and is subject to customary closing conditions and approvals of applicable securities regulatory authorities, including the Cboe Exchange. New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.0m free cash flow). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (CA$25.2m market cap, or US$18.5m). New Risk • Jun 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$35.4m market cap, or US$25.7m). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$39.5m market cap, or US$29.0m). New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (CA$51.7m market cap, or US$38.1m). Ankündigung • Feb 24
Maritime Launch Services Inc., Annual General Meeting, Apr 18, 2024 Maritime Launch Services Inc., Annual General Meeting, Apr 18, 2024. Ankündigung • Feb 21
Maritime Launch Services Inc. Appoints Philip Jones as Chief Financial Officer, Effective March 1, 2024 Maritime Launch Services Inc. announced the full time addition of Philip Jones to its executive team as Chief Financial Officer, effective March 1, 2024. With over 27 years in the financial sector, Philip Jones brings to the table an extensive background working with both public and private corporations. His experience spans across dynamic environments ranging from high growth to strategic turnarounds, with a focus on the technology and communications sectors. Throughout his career, Jones has raised approximately $180 million in debt and equity financing and he has demonstrated a robust track record of success, particularly in corporate strategy, risk and investor relations. This experience is instrumental as Maritime Launch continues to foster relationships within the financial services and space industries. Ankündigung • Dec 09
Maritime Launch Services Inc. announced that it has received CAD 2.282 million in funding On December 8, 2023, Maritime Launch Services Inc. closed the transaction. The company issued 10% unsecured convertible debentures for the gross proceeds of CAD 2,282,000. The Debentures will bear cash interest at a rate of 10% per annum, payable quarterly, as well as paid in-kind interest consisting of 5% of the outstanding Debentures in Common Shares at a price of CAD 0.12 per Common Share and, unless repaid or converted, will mature 12 months from the date of issuance. The Company may choose to prepay the Debentures prior to the Maturity Date, at which point the holders may each elect, solely at the option of each holder, to be repaid in cash with an early repayment payment of 10% of the principal amount outstanding, or to convert the principal and any accrued, unpaid interest into Common Shares at the Conversion price. In connection with the Offering, related party of the Company subscribed for CAD 140,000 of the gross proceeds. The Debentures will rank equally with other unsecured debt of the Company. PowerOne Capital Markets acted as a finder in connection with a portion of the Offering. In connection with the Offering, the Company paid aggregate cash finder's fees of CAD 142,650 and issued 1,585,000 finder's warrants each Finder Warrant being exercisable into one Common Share at a price of CAD 0.12 per Common Share for a period of 5 years from the date of Closing. Ankündigung • Nov 19
Maritime Launch Services Inc. announced that it expects to receive CAD 2 million in funding Maritime Launch Services Inc. announced a non-brokered private placement of unsecured convertible debentures for minimum gross proceeds of CAD 2,000,000 on November 17, 2023. The debentures will bear cash interest at a rate of 10% per annum, payable quarterly and will be convertible at a conversion price of CAD 0.12 per common share. The company may pay a cash finder's fees of up to 7.5% of the gross proceeds of the offering and issue up to such number of finder's warrants. the transaction is anticipated to close on or about December 8, 2023 or before, and is subject to customary closing conditions, consent of certain existing lenders and approvals of applicable securities regulatory authorities, including the NEO Exchange. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.3m free cash flow). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$55.4m market cap, or US$40.2m). Ankündigung • Jul 08
Maritime Launch Services Inc. Announces the Inaugural Launch from Spaceport Nova Scotia, Featuring Visioncosmos Saudi Arabia's VCL-1 ChipSat Maritime Launch Services Inc. announced the inaugural launch from Spaceport Nova Scotia, featuring VisionCosmos Saudi Arabia's VCL-1 ChipSat. This pioneering launch was secured via Precious Payload's Launch.ctrl marketplace. This international collaboration saw Maritime Launch Services leading the project, Al NajmX - Precious Payload's Saudi partner, ensuring seamless mission management, and Arbalest Rocketry, a rocketry team from York University in Canada, delivering the Goose 3 rocket for the suborbital launch. Al NajmX coordinated all mission aspects, from initial planning to successful launch, cementing their reputation as an entity that enables entrepreneurs in Saudi Arabia to streamline space missions effectively. The company contributed significantly to making Saudi Arabia a fast-growing space-faring nation, aligned with the country's Vision 2030 goals. The compact and light VCL-1 ChipSat, equipped with seven onboard sensors, was launched on Arbalest Rocketry's Goose 3 rocket on July 6th. The rocket successfully reached suborbital altitudes, marking a significant milestone for the team and their mission to build rockets for suborbital flights. The outcomes of this launch will provide valuable insights into space sciences and related engineering, helping the VisionCosmos SA team in their quest to develop more advanced payloads. Looking ahead, they have ambitious plans to launch more payloads soon, with further miniaturized technologies. This successful partnership between VisionCosmos SA and Maritime Launch Services, aided by the expert guidance from Al NajmX and the efficient booking system of Precious Payload's satellite launch marketplace, marks a significant achievement in international collaboration in developing space missions in the Kingdom of Saudi Arabia. Ankündigung • Jun 03
Maritime Launch Appoints Jeffrey Manber to Its Strategic Advisory Board Maritime Launch Services Inc. Nova Scotia announces the addition of a prominent space industry leader to its team of strategic advisors Jeffrey Manber, a celebrated author, co-Founder of Nanoracks and now President of International and Space Stations for Voyager Space, joins the Maritime Launch Board of Advisors Manber previously served as the CEO of Nanoracks from 2009 until 2021, where he broke barriers for access to space, oversaw the growth of numerous commercial International Space Station programs, including the development of the first and only commercial Airlock on the space station. At Voyager Space, he is leading the development of Starlab, a continuously crewed, free-flying, commercial space station to serve NASA, space agencies, and commercial users around the globe. The purpose of the Advisory Board is to support and guide Maritime Launch to success throughout construction and operations of Spaceport Nova Scotia, while at the same time, help establish Canada as a leader and a key competitor in the global space economy. Ankündigung • Dec 03
Maritime Launch Services Inc. Elects Rita Theil as Director Maritime Launch Services Inc. at the annual meeting of shareholders held on December 1, 2022, elected Rita Theil as director of the Company. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Sylvain Laporte was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 12
Maritime Launch Appoints Sylvain Laporte to Board of Directors Maritime Launch Services Inc. announce the appointment of Sylvain Laporte to the Board of Directors. A former President of the Canadian Space Agency, Mr. Laporte is a sectoral leader who has advanced Canada's involvement in space through the launch of scientific and earth observation satellites, planetary exploration missions and the continued human presence on the International Space Station with Canadian astronauts. Mr. Laporte has served as CEO of the Canadian Intellectual Property Office. He has held senior positions within Industry Canada as the Chief Informatics Officer and the Executive Director of the Integrated Technologies Office. Laporte has served 20 years in the military as an aerospace engineer with the Royal Canadian Air Force. Throughout Laporte's career, he has been focused on creating innovation and leading change management in the space, defence, aeronautical, supply chain management and information technology sectors. During Laporte's tenure as President of the Canadian Space Agency, he played a key leadership role in securing investments of $2.5B for Canada's space program. The funds are used to accelerate innovation, grow the Canadian space industry and the economy, and to create the jobs of the future and to inspire Canadians. Ankündigung • Oct 08
Maritime Launch Services Inc., Annual General Meeting, Dec 01, 2022 Maritime Launch Services Inc., Annual General Meeting, Dec 01, 2022. 
