Frequency Electronics prices 1,739,131-share public offering at $57.5 per share
FEIM•Option for additional shares
Underwriters have a 30-day option to buy up to 260,869 additional shares from the company at the offering price.
Use of proceeds and closing timing
Closing is expected July 30, 2026, subject to customary conditions.
Net proceeds are expected to fund growth, including capital expenditures, working capital and general corporate purposes. The company will not receive any proceeds from the secondary shares.
Public offering priced at $57.50 a share
Frequency Electronics priced an underwritten public offering of 1,739,131 common shares at $57.50 each, targeting about $100 million gross.
The deal includes 1,086,957 primary shares from the company and 652,174 secondary shares from Edenbrook funds affiliated with director Jonathan Brolin.
