Frequency Electronics Announces Pricing of Public Offering
Frequency Electronics priced a public offering of 1,739,131 shares at $57.50 per share for aggregate gross proceeds of approximately $100 million. The company is selling 1,086,957 shares, while affiliates of board member Jonathan Brolin are selling 652,174 shares; underwriters have a 30-day option to purchase an additional 15% of shares.
Key figures
- Deal Value Usd
- 100000000
- Offering Price
- 57.5
- Shares Offered
- 1739131
- Greenshoe shares
- 260869
- Greenshoe percentage
- 15%
- Company shares offered
- 1086957
- Selling stockholder shares offered
- 652174
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.