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Financings

MDA SPACE ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING IN THE UNITED STATES

By The Northwire Desk — AI Analysis Mar 16, 2026 · 08:59 MDA · 41.31 MDA SPACE LTD. J
MDA · Price

Executive Summary

  • MDA Space Ltd. completed its U.S. IPO, issuing 9,836,065 common shares at US $30.50 each for gross proceeds of approximately US $300 million.
  • The offering was led by J.P. Morgan and RBC Capital Markets with a syndicate of eight underwriters.
  • Net proceeds will fund growth initiatives, including customer expansion, strategic acquisitions or investments, and repayment of existing credit facilities.

Key Details

  • Shares Issued & Sold: 9,836,065 common shares.
  • Offering Price: US $30.50 per share.
  • Gross Proceeds: Approximately US $300 million.
  • Underwriters / Bookrunners: Joint lead active bookrunners – J.P. Morgan and RBC Capital Markets; joint active bookrunners – BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, Canaccord Genuity.
  • Use of Proceeds:
  • Expand customer base and solutions portfolio.
  • Support growth of existing customers.
  • Pursue strategic opportunities (potential acquisitions or investments).
  • General corporate purposes, including repayment of a portion of outstanding amounts under existing credit facilities.
  • Listing: Common shares now listed on the New York Stock Exchange (NYSE: MDA) and continue to trade on the Toronto Stock Exchange (TSX: MDA).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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