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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.