6-K
Foreign issuer report
✓ VerifiedMDA Space closed an upsized bought deal offering of 23,000,000 common shares at US$35.60 per share for gross proceeds of approximately US$819 million.
Filed Jul 14, 2026 · 08:26 ET
Summary
- MDA Space closed its upsized bought deal offering of 23,000,000 common shares at US$35.60 per share, for aggregate gross proceeds of approximately US$819 million.
- The underwriters were granted an over-allotment option to purchase up to an additional 15% of the Common Shares issued, exercisable for up to 30 days following closing.
- The syndicate was led by BMO Capital Markets and RBC Capital Markets as joint lead bookrunners, with J.P. Morgan, Scotiabank and BofA Securities as joint active bookrunners.
- Net proceeds are intended to fund a portion of the cash purchase price of MDA Space's acquisition of approximately a 70% interest in Collecte Localisation Satellites (CLS), announced July 8, 2026.
- Proceeds may also fund repayment of all or a portion of CLS's existing indebtedness and related financing fees and transaction expenses.
Key facts
- Shares issued
- 23,000,000 Common Shares
From the filing for Shares issued
“A total of 23,000,000 Common Shares were issued and sold at a price of US$35.60 per Common Share”
- Offering price
- US$35.60 per Common Share
From the filing for Offering price
“at a price of US$35.60 per Common Share”
- Gross proceeds
- approximately US$819 million
From the filing for Gross proceeds
“for aggregate gross proceeds to the Company of approximately US$819 million”
- Over-allotment option
- up to an additional 15% of Common Shares
From the filing for Over-allotment option
“to purchase up to an additional 15% of Common Shares issued in connection with the Offering”
- Acquisition target
- approximately a 70% interest in Collecte Localisation Satellites (CLS)
From the filing for Acquisition target
“its acquisition (the " Acquisition ") of approximately a 70% interest in Collecte Localisation Satellites (" CLS ")”
- Acquisition announced
- July 8, 2026
From the filing for Acquisition announced
“as previously announced on July 8, 2026”
- Lead bookrunners
- BMO Capital Markets and RBC Capital Markets
From the filing for Lead bookrunners
“led by BMO Capital Markets and RBC Capital Markets, as joint lead bookrunners”
- Closing date
- July 14, 2026
From the filing for Closing date
“July 14, 2026 (TORONTO, ON) - MDA Space Ltd.”
Why it mattersThe closed offering provides approximately US$819 million to fund MDA Space's cash acquisition of a roughly 70% interest in CLS and potential repayment of CLS's debt.
- Filed
- Jul 14, 2026
- Accepted
- 2026-07-14 12:26Z
- Period
- Jul 14, 2026
- Accession no.
- 0001104659-26-083361
- Size
- 29 KB
- Index
- Filing index