🔴 MDA Space is trading 4.4% down today on an upsized dilutive share offering for the CLS acquisition

MDA Space is trading 4.4% down now at $32.51 as investors continue reacting to a large, discounted equity raise tied to the CLS acquisition.

• The company upsized its bought-deal offering to 23 million shares at $35.60 per share, aiming to raise approximately $819 million.
• The move has deepened shareholder dilution concerns, extending the selloff that began immediately following the deal's announcement.