Firefly Aerospace Prices 12M-Share Offering at $48 with 1.8M Option
FLY•Firefly Aerospace set a $48 per share offering of 4,000,000 new and 8,000,000 secondary shares, plus a 30-day option for 1,800,000 additional shares. Closing June 1, 2026, the deal will supply net proceeds for corporate growth programs, with Firefly receiving proceeds only on the primary shares.
1. Offering Details
Firefly Aerospace is offering 4,000,000 new shares and 8,000,000 secondary shares at $48 per share, and has granted underwriters a 30-day option to purchase up to 1,800,000 additional shares.
2. Use of Proceeds and Dilution Impact
Net proceeds from the 4,000,000 primary shares will fund general corporate needs and growth initiatives, while the secondary sale will not benefit Firefly, resulting in potential share dilution for existing equity holders.
3. Underwriters and Timeline
Goldman Sachs, J.P. Morgan, Jefferies and Wells Fargo lead the book-running, with Morgan Stanley, Baird, Deutsche Bank Securities, Cantor and Needham as joint bookrunners, and Roth Capital, Academy Securities and Texas Capital Securities as co-managers; the offering is expected to close on June 1, 2026, subject to customary conditions.
