05:58 PM EDT, 05/28/2025 (MT Newswires) -- TAT Technologies ( TATT ) reported late Wednesday the launch of a public offering, with about 1.63 million shares coming from the company and some 2.53 million shares from investors FIMI Opportunity V and FIMI Israel Opportunity Five.
TAT and the shareholders plan to grant underwriters, including Stifel, Nicolaus & Company and Truist Securities, an option to buy up to an additional 242,298 and 380,202 shares, respectively.
The company said it plans to use the net proceeds for general corporate purposes.
Shares of TAT were down about 5.9% in after-hours activity.