MDA SPACE ANNOUNCES CLOSING OF ITS UPSIZED BOUGHT DEAL OFFERING OF COMMON SHARES

MDA Space Ltd. has successfully completed its upsized bought deal offering, raising approximately $819 million through the issuance of 23 million common shares at a price of $35.60 each. The offering, which closed on July 14, 2026, was conducted in both Canada and the United States, with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets. The underwriters were also granted an over-allotment option for an additional 15% of shares, allowing for potential further capital raise if demand warrants.

The proceeds from this offering are intended to partially fund MDA Space's acquisition of a 70% interest in Collecte Localisation Satellites (CLS), a move that underscores MDA's commitment to expanding its footprint in the global space industry. CLS is recognized for its expertise in satellite data and services, which aligns with MDA's strategic focus on enhancing its capabilities in Earth observation and geointelligence. This acquisition, initially announced on July 8, 2026, is expected to bolster MDA's portfolio and provide synergies in operational efficiencies and technological advancements.

MDA Space, a prominent player in the space sector with over 55 years of experience, has established itself as a leader in satellite systems, robotics, and geointelligence. The company has been involved in more than 450 missions, showcasing its role as a trusted partner for various defense and space initiatives. The acquisition of CLS will likely enhance MDA's service offerings and strengthen its competitive position in a rapidly evolving market characterized by increasing demand for satellite imagery and data analytics.

The broader market dynamics suggest a growing appetite for investment in space-related technologies, driven by advancements in satellite capabilities and the increasing importance of data in various sectors, including agriculture, environmental monitoring, and national security. As governments and private enterprises continue to invest in space infrastructure, MDA's strategic initiatives, including the CLS acquisition, may position the company favorably for future growth and innovation.

Overall, the successful fundraising and subsequent acquisition reflect MDA Space's proactive approach to capitalizing on emerging opportunities within the space industry. The transaction not only enhances MDA's operational capabilities but also signals a robust outlook for investment in space technologies, as companies seek to leverage satellite data for a myriad of applications in an increasingly data-driven world.