Corporate ActionJul 30, 2026, 04:15 PM
Frequency Electronics Raises $62.5M in Stock Offering
AI Summary
Frequency Electronics, Inc. completed a common stock offering on July 30, 2026, selling 1,086,957 shares at $57.50 per share. This generated approximately $62.5 million in gross proceeds for the company. Additionally, selling stockholders sold 652,174 shares, from which the company received no proceeds. Underwriters were granted a 30-day option to purchase up to 260,869 additional shares from the company.
Key Highlights
- Frequency Electronics completed an offering of 1,739,131 common shares.
- The company sold 1,086,957 shares at $57.50 per share.
- Gross proceeds to the company totaled approximately $62.5 million.
- Selling stockholders sold 652,174 shares; company received no proceeds.
- Underwriters received a 30-day option for 260,869 additional shares.
- The offering closed on July 30, 2026.
Price Impact
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