Crowell Advises Firefly Aerospace in $75 Million Series B Financing Round and the Secondary Sale of Noosphere’s Firefly Equity to AE Industrial Partners
April 10, 2022
The closing of Crowell & Moring client Firefly Aerospace’s $75 million Series B preferred equity issuance and the secondary sale of Noosphere Venture Partners’ equity in Firefly to AE Industrial Partners LLP (AEI) was announced. The transaction values Firefly above its May 2021 Series A valuation of more than $1 billion. These two transactions constitute a change of control of the company, as well as providing Firefly with the resources to deliver new innovations in space launch vehicles. More information can be found here.