---
schema_version: "secwatch.filing_event.v1"
accession: "0001069258-24-000011"
form_type: "8-K"
ticker: "KTOS"
cik: "0001069258"
company_name: "KRATOS DEFENSE & SECURITY SOLUTIONS, INC."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:34:46.510270+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001069258-24-000011
- form_type: 8-K
- ticker: KTOS
- cik: 0001069258
- company_name: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000011/0001069258-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000011/ktos-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069258-24-000011
- JSON: https://secwatch.observer/filing/0001069258-24-000011.json
- Plain text: https://secwatch.observer/filing/0001069258-24-000011.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000011/0001069258-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.