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TAT Technologies Ltd. Commences Underwritten Public Offering

Strategic Insights

— 1 min read

TAT Technologies Ltd., a leading provider of products and services to the commercial and military aerospace and ground defense industries, has commenced an underwritten public offering of 1,625,000 ordinary shares. The offering is being led by Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. as joint book-running managers, with The Benchmark Company, LLC and Lake Street Capital Markets, LLC serving as passive book-running managers. The net proceeds from the sale will be used for general corporate purposes, including working capital and capital expenditures.

Key Takeaways:

  • TAT Technologies Ltd. is a leading provider of products and services to the aerospace and defense industries, operating four operational units: OEM of heat transfer solutions, MRO services, and overhaul and coating of jet engine components.
  • The underwritten public offering includes 1,625,000 ordinary shares to be sold by TAT, and 2,525,000 ordinary shares to be sold by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership.
  • TAT intends to use the net proceeds for general corporate purposes, including working capital and capital expenditures.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.
  • The Company's management has reviewed the company's internal control over financial reporting and has provided an opinion that the company's internal control over financial reporting is effective.
  • The registration statement on Form F-3 (File No. 333-286699) was declared effective on April 25, 2025.

Statistics:

  • 1,625,000 ordinary shares are being offered by TAT Technologies Ltd.
  • 2,525,000 ordinary shares are being offered by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership.
  • The underwriters have an option to purchase up to an additional 242,298 and 380,202 ordinary shares, respectively.
  • The Company has filed a registration statement on Form F-3 (File No. 333-286699) with the U.S. Securities and Exchange Commission (the "SEC").
  • The offering is subject to market and other conditions, with no assurance as to whether, or when, the offering may be completed.

Sources:

  • TAT Technologies Ltd.,
  • PRNewswire,
  • SEC, (File No. 333-286699)

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