Aerkomm Announces Intention To Upgrade Listing Status On Euronext

FREMONT, Calif., April 6, 2021 -- Aerkomm Inc. ("Aerkomm" or “the Company”) (Euronext Paris: AKOM; OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that on April 1, 2021, the Company filed a preliminary draft prospectus (the “Prospectus”) with Euronext in Paris, a regulated market of Euronext Paris S.A. ("Euronext Paris"), in connection with the Company's application for the listing and the admission to trading of the Company's common stock, $0.001 par value per share (the “Common Stock”), on the regulated market of Euronext Paris (Compartment C). The Common Stock is currently listed and traded on the Professional Segment of Euronext Paris, and the Company would now like to upgrade the listing to the regulated market.

Shares of the Company's Common Stock will be offered in Europe through a final Prospectus only after the Prospectus is filed with, and approved by, the Authorité Des Marches Financiers (AMF). Shares of the Company's Common Stock to be offered through the Prospectus will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any state securities authorities, and may not be offered and sold within the United States or to any U.S. person (as that term is defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act and in compliance with applicable state securities laws.

About Aerkomm Inc.

Aerkomm Inc. (Euronext Paris: AKOM; OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.

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