Space42 was formed through the recent merger between Yahsat and Bayanat to deliver advanced satellite communications, geospatial insights, and artificial intelligence solutions to customers globally. Following the merger, enhancing liquidity has become essential for increasing accessibility of Space42 shares to a broader investor base.
By selecting QMM as its liquidity provider, Space42 seeks to enhance the market's stability and dynamism, offering greater value to both current and prospective investors. The key advantages of liquidity provision include increased trading volumes, narrower bid-ask spreads, and better price discovery, all of which help build trust among both institutional and retail investors.
Karim Sabbagh, Managing Director of Space42, commented, “Space42 has chosen QMM as our liquidity provider to enhance market accessibility and the trading environment for Space42 shares. QMM’s expertise in liquidity provision will support our efforts to engage a broader investor base, allowing them to be part of Space42’s exciting growth story, and help us maintain a more dynamic market environment for our shares”.
Magdi Shannon, CEO of QMM, added, "Working with Space42 as their liquidity provider supports our mission to strengthen market efficiency and transparency for both established and emerging entities. We look forward to contributing to the stability and growth of Space42’s ADX-listed shares through our liquidity provision solutions".
Space42 (ADX: SPACE42), a UAE-based AI-driven SpaceTech firm with a global presence, has appointed Q Market Makers (QMM) as its liquidity provider.