Deals of the week: Cobham plc, FLYHT Aerospace Solutions
Cobham plc is expected to seek rights issue to raise $722.81m in the second quarter of this year.
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.