Financing ·
Frequency Electronics completed an offering of 1,739,131 shares of common stock pursuant to an underwriting agreement…
FEIMFrequency Electronics Inc
Frequency Electronics completed an offering of 1,739,131 shares of common stock pursuant to an underwriting agreement with Morgan Stanley & Co. LLC as representative. The Company sold 1,086,957 shares while selling stockholders Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP sold 652,174 shares. On August 3, 2026, the underwriters exercised their option to purchase an additional 260,869 Option Shares from the Company. The gross proceeds to the Company from these Option Shares were approximately $14.1 million before deducting discounts and expenses. The Company intends to use net proceeds for capital expenditures, working capital, and general corporate purposes. Frequency Electronics Inc. operates in the electronics industry, providing timing, navigation, and communications solutions.