Firefly Aerospace Announces IPO Roadshow, Aiming for Nasdaq Listing

Firefly Aerospace, a prominent player in the space and defense technology industry, has initiated the roadshow for its initial public offering (IPO), setting the stage for a significant financial move. The company plans to offer 16,200,000 shares of common stock, with an additional option for underwriters to purchase up to 2,430,000 shares within 30 days at the IPO price, excluding underwriting fees. The shares are anticipated to be priced between $35.00 and $39.00, aiming for a listing on the Nasdaq Global Market under the ticker symbol 'FLY'.

The capital raised from this IPO is designated for several key purposes, including the repayment of outstanding credit agreement borrowings, settling unpaid dividends on preferred stock, and covering general corporate expenses. This strategic financial planning underscores Firefly Aerospace's commitment to strengthening its financial foundation and supporting its operational and growth objectives.

Leading the charge in this offering are some of the most reputable names in finance: Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities serving as lead bookrunning managers. They are joined by Morgan Stanley, Deutsche Bank Securities, and Cantor as joint bookrunners, with Roth Capital Partners and Academy Securities acting as co-managers. This assembly of financial expertise highlights the significance of Firefly Aerospace's market entry and the confidence in its potential.

A registration statement concerning these securities has been filed with the U.S. Securities and Exchange Commission (SEC), though it has not yet become effective. It's important to note that the securities cannot be sold, nor can offers to buy be accepted, prior to the registration statement's effectiveness. This announcement is not an offer to sell or a solicitation of an offer to buy, and no sale will occur in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

This IPO represents a pivotal moment for Firefly Aerospace, signaling not only its growth trajectory but also its potential impact on the space and defense technology sector in Texas and beyond. The move could attract significant attention from investors and industry observers, keen on the opportunities within the burgeoning space economy.