MARITIME LAUNCH SVCS INC - MAXQF STOCK NEWS

Maritime Launch Services Inc. (MAXQF) will provide an update at the Emerging Growth Conference on May 8, 2024. President and CEO Stephen Matier will present on Canada's first commercial spaceport project. Investors can participate in the real-time, interactive event to get insights on the company's progress.

Maritime Launch Services Inc. and The Spaceport Company have signed a Letter of Intent to lease tracking and telemetry stations for an inaugural orbital launch from Canada. The innovative containerized tracking system will provide on-site and downrange support for space launch operations, enhancing Maritime Launch's service offerings. The collaboration aims to alleviate launch site congestion, with plans to offer flexible tracking services globally. The partnership signifies a step towards advancing space launch capabilities in Canada, with a planned orbital mission in 2025.

Maritime Launch Services Inc. and Impulso.Space USA have expanded their partnership, signing an agreement for Maritime Launch to provide vehicle payload capacity on multiple rideshare and dedicated launch operator missions for up to five years from Spaceport Nova Scotia. This agreement showcases the competitiveness of Spaceport Nova Scotia in the global space market, with the first orbital launch planned for 2025.

Maritime Launch Services Inc. engages Clarus Securities Inc. for capital markets and strategic advice, aiming to support growth and innovation in the commercial space launch industry. The Corporation issues 3,500,000 common shares to Clarus at $0.12 per share as a work fee.

STORIES of Space and Maritime Launch Services announce partnership for STORIES Mission 03 to launch stories from Canada's first commercial spaceport in 2024. Global contributors can submit their stories for a suborbital launch vehicle with high accelerations beyond 30 G. Special emphasis on Canadian submissions. Deadline for submissions is May 31, 2024.

Maritime Launch Services Inc. appoints Philip Jones as Chief Financial Officer to lead the financial aspect of Spaceport Nova Scotia. Jones brings 27 years of financial expertise, raising $180 million in financing, and excelling in corporate strategy and investor relations.

Maritime Launch (MAXQF) has been invited to present at the Emerging Growth Conference, providing an opportunity for shareholders and the investment community to interact with the company's Founder, President, and CEO. The company has strengthened its key fundamentals with a desirable launch location in North America and received support from the Province of Nova Scotia and the Government of Canada. Maritime Launch plans to continue building a strong client network and developing the site for suborbital and orbital launches in 2024 and 2025.

Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) has successfully closed a non-brokered private placement of unsecured convertible debentures, raising $2,282,000. The company plans to utilize the net proceeds to advance Spaceport Nova Scotia and for general working capital. 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 of the company. The debentures will mature 12 months from the date of issuance and will be convertible into Common Shares at a price per Common Share of $0.12. Each debenture will be accompanied by one common share purchase warrant for each whole $0.48 principal amount of debentures issued. In connection with the offering, a related party of the company subscribed for $140,000 of the gross proceeds. The company also paid aggregate cash finder's fees of $142,650 and issued 1,585,000 finder's warrants. The offering will be considered a related-party transaction, and none of the securities issued in connection with the offering will be registered under the United States Securities Act of 1933.

Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) announces a non-brokered private placement of unsecured convertible debentures, aiming to raise a minimum of $2,000,000. 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 of the Company. The Offering is anticipated to close on or before August 31, 2022.