10:04 AM EDT, 03/20/2026 (MT Newswires) -- MDA Space ( MDA ) announced Friday that the underwriters have exercised their over-allotment option in connection with its recently completed marketed public offering of its common shares, to buy an additional 1.3-million common shares at US$30.50 apiece for additional proceeds of about US$41 million.

The company said the exercise of the over-allotment option increases the total proceeds to about US$341 million. Proceeds will be used to allow it to pursue its growth strategies, including expanding its customer base and solutions, supporting the growth of existing customers, and pursuing other strategic opportunities, which may include acquisitions or investments.

MDA Space ( MDA ) may also use a portion of the proceeds of the offering for general corporate needs, including the repayment of a portion of amounts outstanding under its existing credit facilities.

Shares of the company were last seen up 0.9% at $45.55 on the Toronto Stock Exchange.

Price: 45.80, Change: +0.67, Percent Change: +1.48