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

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.)