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MDA SPACE ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING IN THE UNITED STATES
MDA SPACE ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING IN THE UNITED STATES Canada NewsWi...
About this update from Mda Space Ltd
[{"type":"text","content":"\n\n\nMDA SPACE ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING IN THE UNITED STATES\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nThe base shelf prospectus is accessible, and the final prospectus supplement for this offering will be accessible within two business days, through SEDAR+TORONTO, March 11, 2026 /CNW/ - MDA Space Ltd. (\"MDA Space\" or the \"Company\") (TSX: MDA) today announced the pricing of its previously announced marketed public offering (the \"Offering\") of common shares of MDA Space (the \"Common Shares\") in the United States and Canada. The underwriters have agreed to purchase 9,836,065 Common Shares from the Company in the Offering at a price of US$30.50 per share (the \"Offering Price\"), for aggregate gross proceeds to the Company of approximately US$300 million.\n\n\n\n\n\n\n\nIn connection with the initial public offering in the United States, MDA Space has been approved to list its Common Shares on the New York Stock Exchange (the \"NYSE\") under the symbol \"MDA\". Trading of the Common Shares is expected to commence on the NYSE on March 12, 2026 and will continue on the Toronto Stock Exchange (the \"TSX\") under the symbol \"MDA\". The Offering is expected to close on or about March 16, 2026, subject to customary closing conditions, including receipt of all necessary approvals of the TSX and the NYSE.The Offering is being conducted through a syndicate of underwriters led by J.P. Morgan and RBC Capital Markets, who are acting as joint lead active bookrunners, and BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity, who are acting as joint active bookrunners.MDA Space has also granted the underwriters an over-allotment option, exercisable for a period of 30 days from the date of the underwriting agreement for the Offering, to purchase up to an aggregate of 1,475,409 additional Common Shares at a price per share equal to the Offering Price, representing 15% of the number of Common Shares to be sold pursuant to the Offering.MDA Space intends to use ...