Kratos sells 12,987,013 shares at $38.50 in public offering; underwriters exercise option
Kratos Defense & Security Solutions priced a public offering of 12,987,013 common shares at $38.50 per share, with the sale expected to close June 27, 2025. The underwriters exercised their 30-day option in full on June 26, 2025, for an additional 1,948,052 shares. The company expects net proceeds of about $483,750,000 and plans to use them for program investments, acquisitions and general corporate purposes, including debt repayment, but the new shares will dilute existing shareholders.
Key points
- 12,987,013 shares priced at $38.50 per share in a firm commitment underwritten offering with Robert W. Baird & Co. as representative
- Underwriters exercised the 30-day option for 1,948,052 additional shares in full on June 26, 2025
- Expected net proceeds of approximately $483,750,000, to fund programs, targeted acquisitions, debt paydown and general corporate purposes
- Offering completed June 27, 2025, under an S-3ASR shelf registration effective since February 21, 2024
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.