TAT Technologies Ltd., a prominent player in the aerospace and ground defense industries, has announced the pricing of its public offering of ordinary shares. The company is set to offer 4,150,000 ordinary shares at a price of $26.00 each. Out of these, 1,625,000 shares will be sold by TAT, while the remaining 2,525,000 shares will be offered by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership. The underwriters have been granted an option to purchase additional shares. The offering is projected to generate gross proceeds of $42.3 million for TAT, before deducting underwriting discounts and other expenses. The funds raised will be used for general corporate purposes, including working capital and capital expenditures. Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are leading the offering as joint book-running managers.
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