Kratos(KTOS) Mulls Common Offering
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Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), reports that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement.
Existing Kratos shareholder, Oak Investment Partners, of which Managing Partner, Bandel Carano, is also a current member of Kratos' Board of Directors, has indicated that it intends to invest $55 million in the offering. All of the shares in the offering are to be sold by Kratos. In connection with the offering, B. Riley & Co., LLC is acting as sole book-running manager.
Existing Kratos shareholder, Oak Investment Partners, of which Managing Partner, Bandel Carano, is also a current member of Kratos' Board of Directors, has indicated that it intends to invest $55 million in the offering. All of the shares in the offering are to be sold by Kratos. In connection with the offering, B. Riley & Co., LLC is acting as sole book-running manager.
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