KNOX Space Official Announcement

Subject: Notice of Bankruptcy Filing - KNOX Space

Date: [June 8, 2023]

To all stakeholders, employees, and interested parties,

It is with deep regret that we announce the imminent bankruptcy of KNOX Space, an aerospace company at the forefront of cutting-edge technologies. Despite our best efforts, the financial challenges resulting from the high manufacturing costs associated with our advanced technologies have proven insurmountable, leaving us no choice but to file for bankruptcy.

Over the years, KNOX Space has strived to push the boundaries of space exploration and innovation. However, the considerable expenses involved in manufacturing and development, coupled with a highly competitive market, have created a significant strain on our financial resources. Despite our dedication and unwavering commitment, we have been unable to secure the necessary funding to sustain our operations.

Furthermore, we regret to inform you that several of our talented engineers have been recruited and have chosen to pursue employment opportunities with Orbital Systems, a leading player in the space industry. While their contributions to KNOX Space were invaluable, we understand their decision to seek alternative employment during these challenging times.

In light of the bankruptcy filing, we are compelled to announce that in the coming months, a comprehensive auction will be held to liquidate the company's assets, including our facilities and products. The auction will provide an opportunity for interested parties to acquire our state-of-the-art manufacturing equipment, technological assets, and other valuable resources. Detailed information regarding the auction process, including dates, locations, and bidding procedures, will be communicated in due course.

We would like to express our sincere gratitude to our employees, investors, and partners who have supported us throughout this journey. It is through your unwavering dedication and commitment that we were able to achieve significant milestones and make significant contributions to the aerospace industry.

During this transitional period, we assure all stakeholders that we will fulfill our obligations to the best of our abilities. We will work closely with the appointed bankruptcy trustees and legal representatives to ensure a smooth and fair process for all parties involved.

While the future of KNOX Space may be uncertain, we firmly believe that our technological advancements and expertise will continue to drive progress in the aerospace field. We extend our best wishes to all those affected by this unfortunate turn of events and express our hope that our collective efforts will pave the way for new opportunities and innovations in the space industry.

For any inquiries or concerns related to the bankruptcy proceedings, please direct your correspondence to the following contact:

[Contact Name] CompanyKnox
[Locate] Twitter
KNOX

Once again, we extend our heartfelt appreciation for your support and understanding during this challenging time.

Sincerely,

Eduarddo
[Your Position] CEO

KNOX Space