Financing ·
Frequency Electronics, Inc. completed a public equity offering on July 30, 2026, issuing 1,739,131 shares at $57.50…
FEIMFrequency Electronics Inc
Frequency Electronics, Inc. completed a public equity offering on July 30, 2026, issuing 1,739,131 shares at $57.50 per share. The transaction included 1,086,957 primary shares sold by the company and 652,174 secondary shares sold by selling stockholders Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP. Morgan Stanley & Co. LLC acted as underwriter. The company received approximately $62.5 million in gross proceeds before deducting discounts and expenses. An option to purchase up to 260,869 additional shares was granted to the underwriters. Frequency Electronics, Inc. operates in the defense electronics industry, providing timing, navigation, and communication solutions.