MDA Space Increases Previously Announced Bought Deal Offering of Common Shares
MDA Space has increased its bought deal offering to 23 million common shares at US$35.60 per share, raising approximately US$819 million in gross proceeds. The capital raise is primarily intended to fund the acquisition of a 70% interest in Collecte Localisation Satellites (CLS), a deal previously announced on July 8, 2026. The offering is led by BMO Capital Markets and RBC Capital Markets, with J.P. Morgan, Scotiabank, and BofA Securities as joint active bookrunners.
Key figures
- Deal Value Usd
- 819000000
- Offering Price
- 35.6
- Shares Offered
- 23000000
- Cls interest acquired
- 70%
- Previous shares offered
- 20000000
- Over allotment option pct
- 15%
AI analysis
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