#Israel #Public Offering #TAT Technologies #Netanya #ordinary shares

TAT Technologies Completes Additional Share Sale

TAT Technologies Ltd. (Nasdaq: TATT) recently made headlines within the aerospace and defense sectors by announcing the full exercise of underwriters' option to purchase additional ordinary shares in connection with its public offering. This significant transaction took place on June 26, 2025, and served to bolster the company's financial position amid ongoing operational endeavors in the commercial and military aerospace markets.

Public Offering Overview

The company originally planned an underwritten public offering, which included 4,150,000 ordinary shares in total. This offering consisted of 1,625,000 shares sold and issued by TAT and 2,525,000 shares sold by the Selling Shareholders, FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership. The initial public offering price was set at $26.00 per ordinary share, a figure that ultimately remained constant throughout the sale process.

By successfully exercising the option to purchase an additional 622,500 ordinary shares, TAT was able to raise an impressive $6.3 million in gross proceeds, enriching the company's working capital and enabling future capital expenditures. While the additional shares sold included 242,298 ordinary shares from TAT and 380,202 shares from the Selling Shareholders, it is important to note that TAT did not receive any proceeds from the latter's share sale.

Financial Strategy and Use of Proceeds

The net proceeds generated from the additional share sale are set to be utilized for general corporate purposes. This strategic approach will help TAT advance its objectives, focusing on both operational expenses and future growth opportunities. As a leading provider of innovative solutions in the aerospace and defense sectors, leveraging these proceeds is integral to maintaining competitive advantage and meeting market demand.

Leading Underwriters

Prominent financial institutions participated in this public offering, including Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc., which acted as joint book-running managers. Other contributors to the management of this offering included The Benchmark Company, LLC and Lake Street Capital Markets, LLC, who took on the role of passive book-running managers. Their combined efforts were crucial in successfully navigating this offering and achieving desired financial outcomes for TAT Technologies.

Regulatory Compliance

In compliance with regulatory requirements, TAT filed a registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC). The statement pertained to the ordinary shares associated with the offering as well as the sale and issuance of the option shares, which was declared effective on April 25, 2025. Interested parties can access the relevant documents via the SEC's website, further ensuring transparency and adherence to financial regulations.

Future Outlook

Looking ahead, TAT Technologies remains dedicated to advancing its position in a highly competitive market. By focusing on strategic financial maneuvers and capitalizing on public offerings, the company aims to enhance its operational capabilities. With a reliance on the proceeds from this latest sale, TAT could potentially engage in initiatives that further solidify its standing in the aerospace and defense industries.

This public offering marks a pivotal moment for TAT Technologies, showcasing its robust strategies in raising capital while indicating the confidence the market holds in its future trajectory in the aerospace and defense sectors.

About TAT Technologies Ltd.

TAT Technologies Ltd. is a distinguished provider of products and services tailored to the requirements of the aerospace and defense industries. The company operates several operational units, focusing on original equipment manufacturing (OEM), maintenance repair and overhaul (MRO) services, and various components associated with aviation. With a commitment to innovation and excellence, TAT continues to play a vital role in meeting the demands of both commercial and military global marketplaces.