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Financings

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

By The Northwire Desk — AI Analysis Mar 20, 2026 · 09:06 MDA · 45.13 MDA SPACE LTD. J
MDA · Price

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.

Read the original news release →

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