6-K
Foreign issuer report
✓ VerifiedGilat accepted commitments from Israeli institutional investors for a private placement of convertible notes with gross proceeds of approximately $100 million, closing September 1, 2026.
Filed Aug 31, 2026 · 06:01 ET
Summary
- Gilat received and accepted commitments from Israeli institutional investors to participate in a private placement of convertible notes, with gross proceeds of approximately $100 million before fees and expenses.
- The Notes will be senior unsecured obligations bearing interest at 3.75% per annum, with interest payable annually on September 1 of each year beginning on September 1, 2027, and will mature on September 1, 2031.
- The initial conversion price is $16.00 per Ordinary Share, a conversion premium of 60% above the last reported sale price of $9.94 per Ordinary Share on Nasdaq on August 28, 2026.
- If the sale price does not equal or exceed an average of $15.00 for a consecutive 30-day period ending 18 months after issuance, the interest rate will increase by 1.25%.
- If the sale price equals or exceeds $20.00 for 10 consecutive trading days, Gilat may elect to cause holders to convert the Notes on or after September 1, 2027.
- Gilat intends to use net proceeds for general corporate purposes, with a focus on accelerating investments in next-generation satellite and space technologies and expanding its multi-orbit, mobility, ground and defense capabilities.
Key facts
- Gross proceeds
- approximately $100 million
From the filing for Gross proceeds
“The gross proceeds from the sale of the Notes are expected to be approximately $100 million, before deducting fees and estimated offering expenses.”
- Interest rate
- 3.75% per annum
From the filing for Interest rate
“The Notes will be senior unsecured obligations of Gilat and will bear interest at a rate of 3.75% per annum from and including the date of the Closing”
- Conversion price
- $16.00 per Ordinary Share
From the filing for Conversion price
“The initial conversion price will be $16.00 per Ordinary Share and represents a conversion premium of 60% above the last reported sale price of $ 9.94 per Ordinary Share on Nasdaq on August 28, 2026.”
- Conversion premium
- 60%
From the filing for Conversion premium
“represents a conversion premium of 60% above the last reported sale price of $ 9.94 per Ordinary Share on Nasdaq on August 28, 2026”
- Maturity date
- September 1, 2031
From the filing for Maturity date
“The Notes will mature on September 1, 2031, unless earlier redeemed or converted.”
- Expected closing
- September 1, 2026
From the filing for Expected closing
“The Private Placement is expected to close on September 1, 2026”
- Rate increase trigger
- increase by 1.25%
From the filing for Rate increase trigger
“the interest rate for the period beginning on the Measurement Date will increase by 1.25%”
- Trustee
- Reznik Paz Nevo Trusts Ltd.
From the filing for Trustee
“pursuant to the terms and conditions of a deed of trust (the " Deed ") between Gilat and Reznik Paz Nevo Trusts Ltd., as trustee”
Why it mattersThe placement raises approximately $100 million in senior unsecured convertible debt to fund investment in next-generation satellite and space technologies and multi-orbit, mobility, ground and defense capabilities.
- Filed
- Aug 31, 2026
- Accepted
- 2026-08-31 10:01Z
- Period
- Aug 31, 2026
- Accession no.
- 0001178913-26-004309
- Size
- 71 KB
- Index
- Filing index