Corporate ActionJul 28, 2026, 10:12 PM
Frequency Electronics Prices $100M Public Offering
AI Summary
Frequency Electronics, Inc. announced the pricing of its underwritten public offering of 1,739,131 shares of common stock at $57.50 per share, generating approximately $100 million in gross proceeds. The company is offering 1,086,957 shares, while affiliates of a board member are selling 652,174 shares. The offering is expected to close on July 30, 2026, and Frequency Electronics plans to use its net proceeds for growth opportunities, capital expenditures, working capital, and general corporate purposes.
Key Highlights
- Priced underwritten public offering of 1,739,131 shares of common stock.
- Public offering price set at $57.50 per share.
- Total gross proceeds from the offering are approximately $100 million.
- Frequency Electronics is offering 1,086,957 shares.
- Selling stockholders (Edenbrook affiliates) are offering 652,174 shares.
- Underwriters have a 30-day option to purchase up to an additional 260,869 shares.
- Offering is expected to close on July 30, 2026.
- Net proceeds for FEI will fund growth opportunities, capital expenditures, and working capital.
Price Impact
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