MDA Space Announces Bought Deal Offering of Common Shares
MDA Space announced a bought deal offering of 20 million common shares at US$35.60 per share, raising aggregate gross proceeds of US$712 million. The net proceeds are intended to fund the purchase of approximately a 70% interest in Collecte Localisation Satellites (CLS), with the closing expected around July 14, 2026.
Key figures
- Deal Value Usd
- 712000000
- Offering Price
- 35.6
- Shares Offered
- 20000000
- Acquisition target
- CLS
- Acquisition interest
- 70%
- Underwriters over allotment
- 15%
AI analysis
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