🔴 MDA Space is trading 6.9% down today after announcing a $712 million share offering and acquisition

MDA Space is trading 6.9% down at $36.00 after announcing a large bought deal share offering and a concurrent acquisition.

• The company is selling 20,000,000 new common shares priced at US$35.60 to raise approximately US$712 million.
• Proceeds will fund the planned purchase of a ~70% interest in Collecte Localisation Satellites (CLS), a global leader in AI-driven Earth observation data analytics.
• Investors are reacting to the significant equity dilution resulting from the large-scale share issuance.