MDA SPACE ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN INITIAL PUBLIC OFFERING IN THE UNITED STATES

Executive Summary

• Underwriters exercised the over‑allotment option, purchasing an additional 1,344,071 common shares at US$30.50 per share.
• The extra purchase generated approximately US$41 million in gross proceeds, raising total IPO gross proceeds to roughly US$341 million.
• Net proceeds will be used to fund growth initiatives, expand the customer base, support existing customers, pursue strategic acquisitions or investments, and repay a portion of existing credit facilities.

Key Details

• Over‑Allotment Quantity: 1,344,071 common shares.
• Price per Share (over‑allotment): US$30.50.
• Additional Gross Proceeds: ~US$41 million.
• Total Gross Proceeds of Offering (including over‑allotment): ~US$341 million.
• Lead Underwriters / Bookrunners: J.P. Morgan and RBC Capital Markets (joint lead active bookrunners); BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, Canaccord Genuity (joint active bookrunners).
• Intended Use of Net Proceeds:
• Expand customer base and solutions portfolio.
• Support growth of existing customers.
• Pursue strategic opportunities, including potential acquisitions or investments.
• General corporate purposes, notably repayment of a portion of outstanding amounts under existing credit facilities.

Notable Quotes

No direct quotes were included in the release.