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

Executive Summary

• MDA Space Ltd. priced its U.S. and Canadian IPO at US $30.50 per share, selling 9,836,065 common shares for approximately US $300 million in gross proceeds.
• The company received an over‑allotment option to purchase up to an additional 1,475,409 shares (15% of the offering) at the same price.
• Net proceeds will fund growth initiatives, potential acquisitions/investments, and repayment of a portion of existing credit facilities; trading on NYSE begins March 12, 2026 with closing expected around March 16, 2026.

Key Details

• Offering Size: 9,836,065 common shares priced at US $30.50 per share.
• Gross Proceeds: Approximately US $300 million.
• Over‑Allotment Option: Up to 1,475,409 additional shares (15% of the base offering) exercisable within 30 days at the same price.
• Underwriters/Syndicate: Joint lead active bookrunners – J.P. Morgan and RBC Capital Markets; joint active bookrunners – BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, Canaccord Genuity.
• Listing: Approved for listing on the New York Stock Exchange under ticker “MDA”; continued trading on Toronto Stock Exchange (TSX) under “MDA”.
• Trading Commencement: NYSE trading expected to start March 12, 2026.
• Closing Date: Anticipated on or about March 16, 2026, subject to customary conditions and regulatory approvals.
• Use of Proceeds:
• Expand customer base and solutions portfolio.
• Support growth of existing customers.
• Pursue strategic opportunities including acquisitions or investments.
• General corporate purposes, including repayment of a portion of outstanding credit facilities.
• Regulatory Filings: Preliminary prospectus supplement filed; final prospectus supplement to be filed with Canadian securities regulators and the U.S. SEC (Form F‑10). Documents available via SEDAR+ and EDGAR.

Notable Quotes

(No direct quotes were included in the release.)