Satellite News

BloombergStephanie Hughes

MDA to deploy $300M IPO proceeds for debt reduction and merger activity

MDA Space Ltd. will use the $300 million raised in its initial public offering to pay down debt and pursue merger opportunities, the company said. The disclosure lists debt reduction and M&A as the primary uses of the IPO proceeds, disclosed as part of the offering.

2026-03-15T23:34:00.709723-07:00

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