Elbit Systems Ltd. announced on May 23, 2025, the successful closing of its underwritten public offering. The offering involved the sale of 1,365,450 ordinary shares at a price of $375 per share. Additionally, the underwriters fully exercised their 30-day option to purchase 204,817 additional ordinary shares.
The total gross proceeds to Elbit Systems from this offering amounted to approximately $588.8 million. All ordinary shares sold in the offering were offered by the company and are listed for trading on the Nasdaq Global Select Market.
Elbit Systems intends to utilize the net proceeds from this offering for general corporate purposes. This capital raise is expected to support the company's strategic initiatives, including increasing production capacity to meet growing demand and potentially funding strategic mergers and acquisitions to expand its technology portfolio and global reach.
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