Freight Feeder Aircraft Corporation has entered into a $260 million investment banking engagement agreement for a two year period with CapNet Securities Corporation (“CapNet”) as its exclusive financial consultant, placement Agent and finder in connection with various financing strategies.
The initial (Stage 1) contemplated equity financing is planned at $10 million which will be used to continue the development of the Freight Feeder Prototype aircraft now under construction by Metalcraft Technologies.
The secondary (Stage 2) contemplated equity financing is planned at $250 million which will be used to complete FAA Certification and commence initial production of the Freight Feeder aircraft.
