MARITIME LAUNCH SERVICES INC Stock Price, News & Analysis

Maritime Launch (OTCQB: MAXQF) announced on November 25, 2025 that Ian McLeod has been appointed to its Board of Directors, effective immediately. McLeod is vice president of corporate development at MDA Space and brings over 30 years of experience in space and defence across multiple global regions.

The company said McLeod will support Maritime Launch as it advances toward orbital launch operations and the development of Spaceport Nova Scotia. His appointment follows a recent strategic investment by MDA Space and is described as strengthening strategic alignment and partnerships to position Maritime Launch as a trusted launch services provider for domestic and allied missions.

Maritime Launch Services (OTCQB: MAXQF) announced on November 12, 2025 that it issued 208,844,288 common shares on conversion of all outstanding convertible debentures due December 7, 2026.

The aggregate principal plus accrued interest of $10,427,287 converted at $0.05 per share after a $10 million equity investment at $0.223 per share triggered the conversion. All convertible debentures are fully retired as of November 12, 2025, and the company now has 749,955,801 common shares outstanding. Outstanding warrants (8,899,085) and options (35,391,655) remain exercisable at prices between $0.05 and $0.167.

Maritime Launch (Cboe CA: MAXQ / OTCQB: MAXQF) and MDA Space announced a $10 million equity investment by MDA Space at $0.223 per share on Nov 3, 2025. The investment includes an Investor Rights Agreement granting MDA Space board nomination rights and pro-rata participation in future financings, and will trigger the retirement of convertible debentures.

The companies say the funding and operational partnership aim to accelerate Spaceport Nova Scotia readiness, support sovereign Canadian orbital launch capability, and fund R&D tied to spaceport development.

Maritime Launch (Cboe CA: MAXQ / OTCQB: MAXQF) announced that Export Development Canada (EDC) has provided a $10 million senior credit facility to accelerate development of Spaceport Nova Scotia and advance toward a first orbital launch, dated October 24, 2025. The facility includes an initial $5 million advance at closing with the remaining $5 million available by drawdown to fund launch pad and infrastructure construction. EDC framed the financing as strategic support for Canada’s sovereign launch capability and national defence, while Maritime Launch said the funding will help prepare the site near Canso, Nova Scotia for future orbital missions.

Maritime Launch Services (OTCQB: MAXQF) has signed two significant agreements with Montreal-based rocket company Reaction Dynamics (RDX), valued at approximately $1.7 million. The first agreement involves RDX making a strategic equity investment of $1,025,952 in Maritime Launch through twelve quarterly installments starting September 30, 2025, with shares priced initially at $0.05.

The second agreement is a Pathfinder Launch Agreement, setting the stage for Canada's first-ever orbital launch of a domestically designed and built rocket from Spaceport Nova Scotia, targeted for Q3 2028. Following a successful orbital attempt, both companies plan to enter a multi-year Facility Usage Agreement for exclusive use of a designated launchpad at Spaceport Nova Scotia.

Maritime Launch Services (MAXQF) has secured approximately $10.5M in approval from Nova Scotia under the Capital Investment Tax Credit for constructing a dedicated small launch vehicle pad. This adds to previous CITC funding, bringing total authorized infrastructure support to $30.7M for Spaceport Nova Scotia. The new launch pad will include critical infrastructure like flame diverters, propellant systems, and power systems. The project is expected to create up to 30 local jobs and strengthen Canada's sovereign space capabilities. The CITC program offsets 25% of eligible capital expenditures, with a maximum benefit of $100M, aimed at driving economic growth in rural regions.

Maritime Launch Services (MAXQF) has partnered with Dutch aerospace company T-Minus Engineering to launch two Barracuda hypersonic test platforms from Spaceport Nova Scotia in October 2025. The suborbital vehicles will reach altitudes above the Kármán line at speeds over Mach 6, carrying scientific and educational payloads. The Barracuda rocket, a single-stage solid-fuel vehicle, stands 4 meters tall and can carry up to 40kg payloads to 120km altitude. This collaboration marks T-Minus's first North American launch, following successful campaigns in European locations. The mission will utilize a mobile launch vehicle integration building and launch platform, with most payload capacity already allocated but limited slots still available.

Maritime Launch Services (MAXQF) has completed a financing round, raising $1,599,950 at $0.05 per share, with $331,525 previously received as interest-free loans from existing shareholders. The company incurred finder's fees of $127,996 to be paid in shares and 2,559,920 broker warrants.

The company issued 4,170,000 shares to officers and directors as payment for unpaid 2024 fees and salaries. Total shares issued related to the equity financing are approximately 38,728,920 plus warrants.

Additionally, Maritime Launch Services extended its outstanding convertible debentures maturity date to December 7, 2026. As part of the extension agreement, the company used $500,000 from the financing to settle existing debentures and issued 4,830,105 common shares as an extension fee. The company also issued 2,706,978 shares for PIK interest payment.

Maritime Launch Services (MAXQF) has secured agreements and regulatory approval for a financing of approximately $1.6 million at $0.05 per share. The company will issue about 38.73 million shares plus 2.56 million warrants, including finder's fees of $128,000 in shares and warrants. Additionally, 4.17 million shares will be issued to officers, directors, and employees for unpaid fees and salaries from 2024.

The company has received approval to extend its outstanding convertible debentures maturity date from December 7, 2024, to December 7, 2026. As part of this extension, $500,000 of the financing proceeds will settle existing debentures, and 4.83 million shares will be issued as an extension fee. The company will also issue 2.71 million shares for PIK interest payment. The debentures maintain a 10% cash interest rate plus 5% PIK interest, with conversion rate adjusted to $0.05.