Orbital Tracking Corp. Announces Share Exchange Agreement with Global Telesat & $1.1M PIPE
Sichenzia Ross Friedman Ference LLP Advises Orbital Tracking Corp. in Share Exchange Agreement and $1.1 Million PIPE Financing
New York, NY – February 26, 2015 – (Global Newswire) – New York based securities and corporate law firm Sichenzia Ross Friedman Ference LLP announced today that the Firm has represented Orbital Tracking Corp. (OTCQB: TRKK), a global satellite services entity, in a share exchange agreement with Global Telesat Communications Limited, a privately held United Kingdom corporation (“GTCL”) and the shareholders of GTCL. In connection with the share exchange, Sichenzia Ross Friedman Ference LLP advised Orbital on a private offering whereby Orbital sold 550,000 units of its securities for gross proceeds of $1.1 million.
The Sichenzia Ross Friedman Ference LLP team was led by Partner Harvey Kesner and Associate Avital Even-Shoshan.
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