other material
confidence high
sentiment neutral
materiality 0.70
Frequency Electronics completes $62.5M common stock offering at $57.50/share
FREQUENCY ELECTRONICS INC
- Company sold 1,086,957 shares; selling stockholders sold 652,174 shares.
- Gross proceeds to company ~$62.5M before expenses; underwriters have 30-day option for 260,869 additional shares.
- Offering closed July 30, 2026; underwritten by Morgan Stanley.
- No proceeds to company from secondary shares sold by Edenbrook funds.