🔴 MDA Space is trading 4.6% down today as it consolidates following its US$35.60 bought deal offering

MDA Space is trading 4.6% down today at $31.70 as the stock consolidates following its July 14 upsized bought deal share offering to finance the CLS transaction.

• The upsized offering was priced at US$35.60 per share, creating dilution and price alignment pressure as the market adjusts to the new share count.
• The current move follows a sharp rebound previously fueled by funding updates and broader sector strength.
• Proceeds from the capital raise are earmarked for the acquisition of the DigitalGlobe Commercial Lunar Services (CLS) business.