MDA SPACE ANNOUNCES INITIAL PUBLIC OFFERING IN THE UNITED STATES

Executive Summary

• MDA Space Ltd. announced a US$300 million marketed public offering of common shares, marking its initial public offering in the United States.
• The Company has applied to list the shares on the New York Stock Exchange under the ticker “MDA,” with continued trading on the Toronto Stock Exchange.
• Net proceeds will be used to expand the customer base, support existing customers, pursue strategic acquisitions or investments, and repay a portion of existing credit facilities.

Key Details

• Offering Size: US$300 million of common shares.
• Underwriters: Joint lead active bookrunners – J.P. Morgan and RBC Capital Markets; additional joint active bookrunners – BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, Canaccord Genuity.
• Pricing: Offering price to be determined at the time of signing the underwriting agreement.
• Over‑Allotment Option: Underwriters may purchase up to an additional 15 % of the shares within 30 days of the underwriting agreement.
• Listing Plans: Application filed for NYSE listing under “MDA”; shares will also continue trading on TSX under “MDA.”
• Use of Proceeds:
• Expand customer base and solutions portfolio.
• Support growth of existing customers.
• Pursue strategic opportunities, including acquisitions or investments.
• Repay a portion of outstanding amounts under existing credit facilities.
• Regulatory Filings: Preliminary prospectus supplement filed to augment the August 7 2025 base shelf prospectus in Canada; registration statement on Form F‑10 filed with the SEC (not yet effective).
• Closing Conditions: Subject to customary conditions, including execution of the underwriting agreement, NYSE/TSX approvals, and any other required regulatory approvals.

Notable Quotes

(No direct quotes were provided in the release.)