Author: Brenda Marie Rivers|| Date Published: November 20, 2020
Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity firm’s initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.
The company said Thursday it will use the proceeds to support “general corporate purposes” including repayment of its outstanding subordinated debt and senior term loan and retirement of outstanding 12 percent Cumulative Exchangeable Redeemable Preferred Stock.
Joint bookrunners for the IPO were BMO Capital Markets, B. Riley Securities and Needham & Co.
Colliers Securities, D.A. Davidson & Co., Wedbush Securities, Northland Capital Markets and MKM Partners served as co-managers for the offering.
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
