Frequency Electronics prices 1,739,131-share public offering at $57.5 per share

Reuters2026/07/29 02:09

By:Reuters

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Frequency Electronics priced an underwritten public offering of 1,739,131 common shares at USD 57.5 each, targeting about USD 100 million gross.
Deal includes 1,086,957 primary shares from the company, 652,174 secondary shares from Edenbrook funds affiliated with director Jonathan Brolin.
Underwriters hold a 30-day option to buy up to 260,869 additional shares from the company at the offering price.
Closing is expected July 30, 2026, subject to customary conditions.
Net proceeds to fund growth, including capital expenditures, working capital, general corporate purposes; no proceeds from secondary shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frequency Electronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607282208PRIMZONEFULLFEED9799970) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Frequency Electronics prices 1,739,131-share public offering at $57.5 per share

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