MDA Space, a trusted mission partner to the rapidly expanding global space industry, announced the closing of its previously announced upsized bought deal offering of common shares in Canada and the United States. A total of 23,000,000 common shares were issued and sold at a price of $35.60 per share, for aggregate gross proceeds of approximately $819 million to the company.
MDA Space has granted the underwriters an over-allotment option to purchase up to an additional 15% of common shares issued in connection with the offering, exercisable in whole or in part at any time up to 30 days following closing. The offering was conducted through a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets as joint lead bookrunners, with J.P. Morgan, Scotiabank, and BofA Securities serving as joint active bookrunners.
MDA Space intends to use the net proceeds to fund a portion of the purchase price of its previously announced acquisition of approximately a 70% interest in Collecte Localisation Satellites, disclosed on July 8, 2026. The net proceeds may also be used to fund repayment of all or a portion of CLS’ existing indebtedness, if the company is unable to arrange debt financing to repay it, and related financing fees and transaction expenses.
MDA Space is a robotics, satellite systems, and geointelligence pioneer with a 55-year-plus story of world firsts and more than 450 missions, serving as a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The company’s global team of more than 4,000 space experts supports customers across the defense and space industry.
