Overview
- HawkEye 360, which priced the deal Wednesday at $26 for 16 million shares, expects trading to begin Thursday on the NYSE under the ticker HAWK.
- The offering is all newly issued stock by the company and includes a 30-day option for underwriters to buy up to 2.4 million additional shares at the IPO price.
- Gross proceeds total about $416 million before fees, with Goldman Sachs and Morgan Stanley leading a syndicate that also includes RBC Capital Markets, Jefferies, and BofA Securities.
- The company uses a fleet of satellites to detect and locate radio signals worldwide, supplying intelligence data to U.S. and allied defense agencies.
- Regulatory filings show 2025 revenue of $117.7 million with a small net profit, and HawkEye 360 plans to use part of the proceeds to retire about $49.8 million of debt and a $7.5 million deferred payment from a recent acquisition.