Firefly Aerospace Initiates Roadshow for Proposed IPO

Firefly Aerospace, a prominent player in the space and defense technology sector, has officially commenced the roadshow for its proposed initial public offering (IPO). The company plans to offer 16,200,000 shares of its common stock, with an additional option for underwriters to purchase up to 2,430,000 more shares. The shares are expected to be priced between $35.00 and $39.00 each, aiming to raise significant capital for the company's future endeavors.

The proceeds from the IPO are earmarked for several key purposes, including the repayment of outstanding borrowings under its credit agreement, settling any accrued and unpaid dividends on certain preferred stock series, and funding general corporate activities. This strategic move underscores Firefly's commitment to strengthening its financial foundation and accelerating its mission in the space technology arena.

Firefly has taken steps to list its common stock on the Nasdaq Global Market under the ticker symbol 'FLY', a move that will increase its visibility and accessibility to investors. The offering is being managed by a consortium of leading financial institutions, including Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities as lead bookrunning managers, with Morgan Stanley, Deutsche Bank Securities, and Cantor serving as joint bookrunners. Roth Capital Partners and Academy Securities will act as co-managers, highlighting the high level of interest and confidence in Firefly's market potential.

It's important to note that the registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Firefly Aerospace's proposed IPO represents a pivotal moment for the company and the broader space technology industry. As a company that has already demonstrated remarkable achievements, including launching a satellite to orbit with approximately 24-hour notice and achieving a fully successful Moon landing, this IPO could further solidify Firefly's position as a leader in responsive space missions. The successful execution of this offering could not only provide Firefly with the necessary resources to innovate and expand but also signal growing investor confidence in the commercial space sector's potential.