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MDA SPACE ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING IN THE UNITED STATES

Newswire.ca - Mon Mar 16, 7:59AM CDT

TORONTO, March 16, 2026 /CNW/ - MDA Space Ltd. ("MDA Space" or the "Company") (TSX: MDA) (NYSE: MDA) today announced the closing of its previously announced marketed public offering (the "Offering") of common shares of MDA Space (the "Common Shares") in the United States and Canada, representing the Company's initial public offering in the United States and the listing of its Common Shares on the New York Stock Exchange. A total of 9,836,065 Common Shares were issued and sold at a price of US$30.50 per share (the "Offering Price") for gross proceeds to the Company of approximately US$300 million.

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