6-K
Foreign issuer report
✓ VerifiedMDA Space launched a bought deal offering of 20,000,000 common shares at US$35.60 for gross proceeds of US$712 million to fund its acquisition of roughly 70% of Collecte Localisation Satellites.
Filed Jul 8, 2026 · 17:29 ET
Summary
- MDA Space priced a bought deal offering of 20,000,000 common shares at US$35.60 per share for aggregate gross proceeds of US$712,000,000.
- Underwriters received an over-allotment option to purchase up to an additional 15% of the offering, raising the issue amount to US$818,800,000 if exercised in full.
- Net proceeds will fund the purchase price of the CLS Acquisition, which is an approximately 70% interest in Collecte Localisation Satellites through parent C3 Holding, plus repayment of CLS existing indebtedness and related fees.
- The acquisition is structured via a binding and irrevocable unilateral put option agreement made effective July 8, 2026, subject to French employee consultation procedures.
- The offering and the acquisition are not conditional on each other; if the acquisition does not proceed, proceeds will go toward growth strategy and general corporate purposes.
- BMO Capital Markets and RBC Capital Markets are co-lead joint active bookrunners, with a 4.0% commission, and closing is expected on July 14, 2026.
Key facts
- Shares offered
- 20,000,000 common shares
From the filing for Shares offered
“20,000,000 common shares (the "Common Shares") to be issued by the Company”
- Offering price
- US$35.60 per Common Share
From the filing for Offering price
“Offering Price: US$35.60 per Common Share (the "Offering Price").”
- Gross proceeds
- US$712,000,000
From the filing for Gross proceeds
“U S$712,000,000 (US$818,800,000 if the Over-Allotment Option is exercised in full).”
- Over-allotment
- up to an additional 15%
From the filing for Over-allotment
“to purchase up to an additional 15% of the Offering at the Offering Price to cover over-allotments”
- Acquisition target
- approximately 70% of C3 Holding / CLS
From the filing for Acquisition target
“the Company has irrevocably committed to acquire (the "CLS Acquisition") approximately 70% of the issued and outstanding securities of C3 Holding, the parent company of Collecte Localisation Satellites ("CLS")”
- Commission
- 4.0%
From the filing for Commission
“Commission: 4.0%.”
- Closing date
- July 14, 2026
From the filing for Closing date
“Closing: July 14, 2026.”
- Bookrunners
- BMO Capital Markets and RBC Capital Markets
From the filing for Bookrunners
“BMO Capital Markets and RBC Capital Markets (as co-lead joint active bookrunners) and J.P. Morgan, Scotiabank and BofA Securities”
Why it mattersThe equity raise funds MDA Space's acquisition of a majority stake in CLS, a French satellite location services firm, expanding its geointelligence and Earth observation base. The offering and acquisition are independent, so either can close without the other.
- Filed
- Jul 8, 2026
- Accepted
- 2026-07-08 21:29Z
- Period
- Jul 8, 2026
- Accession no.
- 0001104659-26-081865
- Size
- 106 KB
- Index
- Filing index