The Canadian space technology firm raised its bought deal offering size to 23M shares priced below recent market levels.
MDA Space expanded its bought deal share offering to approximately $819M, issuing 23M common shares at $35.60 per share. The pricing sits below the stock’s recent trading levels, reflecting underwriter demand and market conditions.
The company initially announced a smaller offering but increased the size following underwriter agreements. The move aims to raise capital for growth initiatives in the space technology sector.
Details on market reaction or trading impact were not immediately disclosed.