other_material
confidence high
sentiment neutral
materiality 0.70
Kratos closes $500M common stock offering; proceeds for capex and acquisitions
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- Priced 12,987,013 shares at $38.50; underwriters exercised in full for additional 1,948,052 shares.
- Net proceeds of ~$483.75M after underwriting discounts and commissions.
- Proceeds to fund investments/capex on priority national security programs, acquisitions, and debt paydown.
- Joint book-runners: Baird, RBC Capital Markets, Truist Securities, Raymond James.
- Offering closed on June 27, 2025.
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