MARITIME LAUNCH SERVICES INC Stock Price, News & Analysis

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.

Maritime Launch Services (Cboe CA: MAXQ, OTCQB: MAXQF) has announced share transfers by two major shareholders. Stephen Matier, through Silverwing Enterprises , transferred 4,500,000 common shares to arm's-length third parties, reducing his ownership from 20.75% to 19.69% on a fully diluted basis. Similarly, Sasha Jacob, through Jacob Capital Management Inc., transferred 4,500,000 common shares, decreasing his ownership from 30.24% to 29.22% on a fully diluted basis.

Both transfers were made without monetary consideration to satisfy prior personal commitments. These transactions are separate from the previously announced extension of Convertible Debentures and pending Private Placement from November 13, 2024.

Maritime Launch Services (MAXQF) has announced several key financial updates: an agreement to extend its convertible debentures maturity to December 7, 2026, a private placement offering at $0.05 per share targeting minimum proceeds of $1,000,000, and a delay in filing Q3 2024 financial statements. The debenture extension includes issuing 4,830,105 common shares as an extension fee, maintaining the 10% cash interest rate plus 5% payable in shares. The company will issue 6,496,740 shares for interest payment on December 7, 2024. The company expects to file delayed Q3 financials by November 29, 2024, and will apply for a management cease trade order.

Maritime Launch Services (MAXQ, MAXQF) and Reaction Dynamics (RDX) have signed an agreement for future orbital launches from Canada. The partnership will begin with a pathfinder launch aimed at reaching the Karman Line, the edge of space. This collaboration marks a significant milestone as it will enable the first-ever orbital launch of a Canadian vehicle from Canadian soil in Nova Scotia.

RDX's patented hybrid rocket technology will support these missions. Following the initial launch, both companies will work towards the first commercial missions of the Aurora vehicle. This partnership is set to catalyze growth in Canada's space industry, with Maritime Launch focusing on building world-class facilities at Spaceport Nova Scotia. The agreement positions both companies as key players in the global launch landscape, bringing domestic launch capabilities to Canada.