Kratos prices $300M common stock offering at $18/sh; net proceeds ~$288M

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

Offering of 16,666,667 shares at $18.00 each; underwriters' option for 2,500,000 additional shares exercised in full.
Net proceeds to Kratos expected ~$288M after underwriting discounts and commissions.
Proceeds to fund facilities, manufacturing capacity, capex, debt paydown, and general corporate purposes.
Offering closed February 27, 2024; joint book-runners: Baird, RBC, Truist.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. entered into Underwriting Agreement with Robert W. Baird & Co. Incorporated, as representative of the several underwriters (effective 2024-02-22).

Action: entry
Agreement: underwriting
Counterparty: Robert W. Baird & Co. Incorporated, as representative of the several underwriters
Effective: 2024-02-22

Exact text from the filing

On February 22, 2024, Kratos Defense & Security Solutions, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Robert W. Baird & Co. Incorporated, as representative of the several underwriters named therein (collectively, the “Underwriters”), relating to the sale and issuance by the Company of 16,666,667 shares (the “Underwritten Shares”) of the Company's common stock to the Underwriters in a firm commitment underwritten public offering.

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KRATOS DEFENSE & SECURITY SOLUTIONS, INC. filing history →

Source: SEC EDGAR

accession 0001069258-24-000011

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