TAT Technologies Ltd. announced on May 29, 2025, the pricing of an underwritten public offering of 4,150,000 ordinary shares at $26.00 per share. Of these, 1,625,000 ordinary shares are being sold by TAT, and 2,525,000 ordinary shares are being sold by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership.
The total gross proceeds to TAT from its portion of the offering are expected to be $42.3 million, excluding any exercise of the underwriters' option to purchase additional shares. TAT intends to use the net proceeds for general corporate purposes, including working capital and capital expenditures.
The underwriters have also been granted an option to purchase up to an additional 242,298 ordinary shares from TAT and 380,202 from the selling shareholders. The offering is expected to close on or about June 3, 2025, subject to customary closing conditions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.