Cobham plc is expected to seek rights issue to raise $722.81m in the second quarter of this year.

The proceeds from the rights issue will allow the company to repay its debt.

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Based in England, UK, Cobham provides technology and services to the defence, security and aerospace sectors.

FLYHT Aerospace Solutions Ltd. has announced that it will raise $3.94m through private placement of its common shares.

"The warrants can be used to buy additional common shares within a period of 24 months at $0.19 per share."

The issue, which includes the placement of 33,333,333 units at $0.11 per unit, also includes one warrant each for two common shares. The warrants can be used to buy additional common shares within a period of 24 months at $0.19 per share.

The proceeds will help FLYHT to increase its working capital and to repay debentures outstanding in June 2016, and to invest in new product development.

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