TAT Technologies Ltd., a provider of aerospace and defense products and services, has announced the launch of a public offering of ordinary shares. The offering includes 1,625,000 shares from TAT and 2,525,000 shares from selling shareholders FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership. The company plans to use the proceeds for general corporate purposes, whereas the selling shareholders will not provide TAT with any proceeds from their share sales. The offering is being managed by Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc., with The Benchmark Company, LLC and Lake Street Capital Markets, LLC acting as passive book-running managers. The offering is subject to market conditions, and there is no assurance of its completion.
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