AVENTURA, FL / ACCESSWIRE / June 28, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) ("Orbsat" or "the Company"), a global provider of communication solutions for connectivity to the world through next-generation satellite technology, today announced the closing on June 28, 2021 of the sale of 432,000 additional shares of the Company's common stock, par value $0.001 (the "Shares") to Maxim Group LLC (the "Underwriter") upon the Underwriter's exercise in full of the balance of its over-allotment option (the "Over-Allotment Option") in connection with the Company's previously disclosed public offering that closed on May 28, 2021 (the "Offering"). The Company received net proceeds of approximately $1,983,225 from the sale of the Shares after deducting underwriting discounts.
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