06:28 AM EDT, 03/12/2026 (MT Newswires) -- MDA Space ( MDA ) overnight Wednesday announced the pricing of its previously announced marketed public offering of common shares in the United States and Canada.

A statement noted the underwriters have agreed to purchase 9,836,065 common shares from the company in the offering at a price of US$30.50 per share, for aggregate gross proceeds to the company of approximately US$300 million.

MDA has also granted the underwriters an over-allotment option, exercisable for a period of 30 days from the date of the underwriting agreement for the offfering, to purchase up to an aggregate of 1,475,409 additional common shares at a price per share equal to the offering price, representing 15% of the number of common shares to be sold pursuant to the offering.

In connection with the initial public offering in the United States, MDA Space ( MDA ) has been approved to list its common shares on the New York Stock Exchange under the symbol "MDA". Trading of the common shares is expected to commence on the NYSE on March 12, 2026, and will continue on the Toronto Stock Exchange under the symbol "MDA". The offering is expected to close on or about March 16, 2026, subject to customary closing conditions, including receipt of all necessary approvals of the TSX and the NYSE.

Also in connection with the offering, MDA Space ( MDA ) has filed a preliminary prospectus supplement to its base shelf prospectus filed on Aug. 7, 2025.

MDA said it intends to use the net proceeds of the offering to allow the company 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 may also use a portion of the net proceeds of the offering for general corporate purposes, including the repayment of a portion of amounts outstanding under the company's existing credit facilities.

Shares in MDA rose near 2.2% in Canada yesterday.