🔴 MDA Space is trading 4.3% down today on share offering dilution and broader market weakness

MDA Space is trading 4.3% down at $30.06 as investors continue to digest its recently upsized bought deal share offering.

• The offering was priced at US$35.60, introducing dilution and resetting price expectations following the CLS acquisition financing announcement.
• Downward pressure is being amplified by a weak broader market, with major U.S. indices trading lower after several consecutive down days for the stock.