🔴 MDA is trading 6.8% down today following bought deal offering and acquisition offer

MDA is trading 6.8% down at $36.03 in after-hours trading, driven by two significant company-specific announcements today:

• MDA Space announced a bought deal offering of 20,000,000 common shares at US$35.60, raising US$712 million in gross proceeds.
• The company also entered into a firm offer to acquire a majority interest in Collecte Localisation Satellites (CLS), a global leader in AI-driven Earth observation data analytics.
• These developments, rather than just market rotation, provide clear catalysts for today's price movement.