MDA Space announces exercise of over-allotment option in IPO

MDA Space (MDA) announced that, in connection with its recently completed marketed public offering of common shares of MDA Space, the underwriters have exercised their over-allotment option to purchase an additional 1,344,071 Common Shares at the price to public of $30.50 per Common Share for additional aggregate gross proceeds to the Company of approximately $41M. The exercise of the over-allotment option increases the total gross proceeds of the Offering to approximately $341M.The Offering was conducted through a syndicate of underwriters led by J.P. Morgan and RBC Capital Markets, as joint lead active bookrunners, and BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity, as joint active bookrunners.