Space 11 Completes Valuable Private Placement

CARSON CITY, Nev., November 12, 2026 /CourierPR/ -- The transaction brings new financial resources to the Company, as well as intellectual property in space sports, entertainment and production. Space 11 Corp., a privately held company, today announced the completion of a private placement of its Class A common stock. The shares were issued partly as consideration for the acquisition of intellectual property portfolios and partly for cash subscriptions, in each case at a price of $33.83 per share. Applied to the Company's outstanding share capital, the placement price implies an equity value of more than $10.5 billion. This implied value is derived solely by multiplying the $33.83 per-share placement price, a substantial portion of which was paid in non-cash consideration in the form of intellectual property, by the number of the Company's outstanding shares. The transaction provides Space 11 with intellectual property and resources to pursue its plans in the space economy.

The acquired portfolios include sports formats designed to be played on the Moon, in orbit and in zero gravity, together with entertainment formats and series set in space. They also include a distribution platform and a technical program for a proposed lunar entertainment and production complex. The related trademarks, copyrights, know-how and potentially patentable designs were assigned to Space 11 as part of the transaction.

The Company intends to use the cash proceeds to support the development and production of the acquired properties, the acquisition of new technologies and for general corporate purposes.

The founder, Andrea Iervolino, is a producer and entrepreneur. His producing credits include Ferrari (2023), Lamborghini (2022), To the Bone (2017) and the upcoming Maserati: The Brothers.

Space 11 Corp. is a privately held Nevada corporation in the space economy, infrastructure and technology sectors, with a focus on entertainment. Founded in 2021 by international film producer Andrea Iervolino, it is based in Nevada and led by President and CEO Andrew Kriss.

Projects previously announced include Return to the Moon: The Story of Artemis II, being developed under a Space Act Agreement with NASA, and the feature film I See You, which is expected to incorporate in-space footage from Blue Origin.

Space 11 Corp. is an entertainment studio designed to create sports competitions, television formats, films and live events for zero-gravity and planetary environments. The Company aims to develop content to be produced in space and, in the future, on other planetary bodies, working with astronauts, launch providers and aerospace engineers.