MDA Space Ltd TSE: MDA stock News
On July 13, 2026, MDA Space Ltd. (TSX: MDA) shares experienced a significant 18.8% decline, closing at C$48.17. This sharp market correction followed the company's announcement of an upsized US$819 million bought deal equity offering intended to fund the acquisition of a 70% stake in French geointelligence firm Collecte Localisation Satellites (CLS). While the acquisition is expected to double recurring revenue, the immediate impact of substantial share dilution outweighed the positive sentiment from the recently secured C$688 million RADARSAT replenishment contract, leading to a broad sell--off by investors.