6-K
Foreign issuer report
✓ VerifiedMDA Space signed an amended underwriting agreement on July 9, 2026 to sell 23,000,000 common shares at $35.60 per share, with a 3,450,000-share over-allotment option, closing July 14, 2026, to fund its CLS and BCT acquisitions.
Filed Jul 10, 2026 · 21:46 ET
Summary
- MDA Space Ltd. agreed to issue and sell 23,000,000 common shares (the Firm Shares) to underwriters led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. at a price of $35.60 per share.
- The agreement grants an over-allotment option to purchase up to 3,450,000 additional common shares at the same price, exercisable within 30 days after the Closing Date.
- This amended and restated underwriting agreement dated July 9, 2026 supersedes the original underwriting agreement dated July 8, 2026.
- Proceeds relate to the CLS Acquisition of approximately 70% of C3 Holding, parent of Collecte Localisation Satellites, and the BCT Acquisition of 100% of Blue Canyon Technologies LLC from Raytheon Company (RTX) under a Membership Interest Purchase Agreement dated June 18, 2026.
- The Closing Date is set for July 14, 2026, with Closing Time at 8:00 a.m. New York City time.
- As at July 8, 2026, the Company had 138,919,141 common shares issued and outstanding out of an unlimited authorized number.
Key facts
- Firm Shares
- 23,000,000 common shares
From the filing for Firm Shares
“proposes to issue and sell to the Underwriters 23,000,000 common shares of the Company (the " Firm Shares ")”
- Purchase price per share
- $35.60
From the filing for Purchase price per share
“agrees to issue and sell to the Underwriters, all but not less than all of the Firm Shares, in each case, at the Closing Time (as defined below) at a price of $35.60 per share (the " Purchase Price ")”
- Over-Allotment Option
- up to 3,450,000 additional Common Shares
From the filing for Over-Allotment Option
“to purchase, severally and not jointly, up to an aggregate of 3,450,000 additional Common Shares of the Company (the " Optional Shares ")”
- Lead Joint Bookrunners
- BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.
From the filing for Lead Joint Bookrunners
“BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. (collectively, the " Lead Joint Bookrunners " or the " Representatives ")”
- Closing Date
- July 14, 2026
From the filing for Closing Date
“Closing Date " means July 14, 2026 or such other date as the Company and the Underwriters may agree upon in writing”
- CLS Acquisition
- approximately 70% of C3 Holding
From the filing for CLS Acquisition
“the proposed acquisition (the " CLS Acquisition ") by the Company of approximately 70% of the issued and outstanding securities of C3 Holding”
- BCT Acquisition
- 100% of Blue Canyon Technologies LLC from RTX
From the filing for BCT Acquisition
“is acquiring 100% of the membership interests of Blue Canyon Technologies LLC, a Colorado limited liability company (" BCT " and the acquisition the " BCT Acquisition ") from Raytheon Company”
- Shares outstanding
- 138,919,141
From the filing for Shares outstanding
“the authorized share capital of the Company consists of an unlimited number of Common Shares of which 138,919,141 were issued and outstanding”
Why it mattersThe equity raise funds MDA Space's acquisitions of a majority stake in CLS and full ownership of Blue Canyon Technologies from Raytheon, expanding its satellite and small-spacecraft holdings.
- Filed
- Jul 10, 2026
- Accepted
- 2026-07-10 01:46Z
- Period
- Jul 9, 2026
- Accession no.
- 0001104659-26-082349
- Size
- 494 KB
- Index
- Filing index