Kratos Defense & Security Solutions Prices Public Offering Of 16,666,667 Shares Stock At $18/Share

Author: Benzinga Newsdesk | February 23, 2024 03:48am

Kratos Defense & Security Solutions, announces pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $288 million. Kratos has also granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on February 27, 2024, subject to customary closing conditions

Posted In: KTOS