NETANYA, Israel, May 29, 2025 /PRNewswire/ — TAT Technologies Ltd. (Nasdaq: TATT) (TASE: TATT), a key player in the aerospace and defense sectors, has unveiled the pricing of its underwritten public offering today. The company is offering 4,150,000 ordinary shares at a price of $26.00 per share, according to the announcement. Of this, TAT itself will sell 1,625,000 shares, while the remaining 2,525,000 shares are being offered by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership, categorized as the “Selling Shareholders.” Underwriters have also been granted options to potentially purchase additional shares, with TAT and the Selling Shareholders having options for 242,298 and 380,202 ordinary shares, respectively, at the offering price, less the usual underwriting discounts and commissions.
The offering is slated to close around June 3, 2025, contingent on standard closing conditions. The deal is expected to generate approximately $42.3 million in gross proceeds for TAT, before accounting for underwriting expenses and commissions, and excluding the underwriters’ potential share purchases. It’s worth noting that TAT will not receive any proceeds from the shares sold by the Selling Shareholders. The company is planning to allocate the net proceeds from this offering towards general corporate needs, including working capital and capital expenditures.
Leading this offering are Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc., acting as joint book-running managers. The Benchmark Company, LLC and Lake Street Capital Markets, LLC are participating as passive book-running managers.
A detailed registration statement on Form F-3 has been filed with the U.S. Securities and Exchange Commission and was declared effective on April 25, 2025. The offering is solely available through a prospectus supplement and the accompanying prospectus. Interested parties can access these documents for free via the SEC website.
About TAT Technologies Ltd.
TAT Technologies Ltd. is a prominent provider of specialized solutions and services within the aerospace and defense industries. TAT operates across four main divisions: (i) Original equipment manufacturing of heat transfer solutions and aviation accessories through its Kiryat Gat facility (TAT Israel); (ii) Maintenance, repair, and overhaul services for heat transfer components and OEM of heat transfer solutions through its subsidiary, Limco Airepair Inc.; (iii) MRO services for aviation components through its subsidiary, Piedmont Aviation Component Services LLC (focusing on Auxiliary Power Units and landing gear); and (iv) overhaul and coating of jet engine components through its subsidiary, Turbochrome Ltd.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements typically relate to future events or financial performance. Key forward-looking statements in this release include projections about the share issuance and sale, the potential purchase of additional shares by underwriters, the expected closing date of the offering, and the company’s planned use of proceeds. These projections involve inherent risks and uncertainties, including external factors such as the ongoing conflict involving Israel, which could materially impact actual results. The company’s filings with the SEC, including its Annual Report on Form 20-F, provide a more detailed list of risks. TAT disclaims any duty to update these forward-looking statements.
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SOURCE TAT Technologies Ltd
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