M&A
confidence high
sentiment neutral
materiality 0.50
Kratos issues 866,026 shares to acquire Sierra Technical Services; earn-out could add 979,038 shares
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- Issued 866,026 common shares to acquire all outstanding equity of Sierra Technical Services (STS) on Oct 3, 2023.
- Up to an additional 979,038 shares may be issued under holdback and earn-out provisions.
- Shares issued in reliance on Section 4(a)(2) exemption from registration.
- Acquisition date: October 3, 2023; no other financial terms disclosed.