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Celestial Announces Proposed Qualifying Transaction Spin-Out Acquisition of Nokia's Space Communication…

Lane
M&A
Announced
16 Apr 2026
Province
Ontario
Industry
Unclassified
Status
Announced
What the filing says
Celestial Acquisition Corp. (TSXV: CES.P ) ("Celestial"), a space technology focused capital pool company, is pleased to announce that it has entered into a Business Combination Agreement dated April 15, 2026 (the "Definitive Agreement") with Nokia Solutions and Networks Oy ("NSN"), Nokia of America Corporation ("NOAC") and Modulate Space Corporation ("MSC US"), pursuant to which the parties will complete a transaction that will result in a reverse takeover of Celestial by Nokia Oyj's (HEL: NOKIA) ("Nokia") Space Communication Solutions business ("Modul8"), which operates as part of Nokia's…
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