MDA Space Ltd TSE: MDA stock News
On July 14, 2026, MDA Space Ltd. (TSX: MDA) announced the successful closing of its upsized bought deal equity offering, raising approximately US$819 million in gross proceeds. The company issued 23 million common shares at a price of US$35.60 per share to fund the acquisition of a 70% majority stake in French geointelligence firm Collecte Localisation Satellites (CLS). Following the closing, the stock rebounded 6.67%, as the completion of the financing phase reduced market uncertainty and shifted investor focus toward the strategic integration of CLS's AI--driven Earth observation and IoT solutions.