Deal Details

Firefly Aerospace Inc. (“Firefly”) (NASDAQ: FLY) recently announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a public offering price of $48.00 per share (the “Offering”). The Offering consisted of 4,000,000 shares of common stock offered by Firefly and 8,000,000 shares of common stock sold by certain of Firefly’s selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 shares of the selling stockholders’ common stock.

Firefly will not receive any proceeds from the sale of common stock by the selling stockholders. The Offering generated approximately $192 million in primary gross proceeds for Firefly and $576 million in secondary gross proceeds to certain selling stockholders. Firefly expects to use the net primary proceeds for general corporate purposes, including to support growth of core business and recently awarded programs and initiatives.

Baird served as a Bookrunner on the Offering.