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Gilat prices $100 million five-year convertible notes offering

PUBT·08/31/2026 10:06:29
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Gilat prices $100 million five-year convertible notes offering
  • Gilat Satellite Networks set a private placement of USD 100 million 3.75% senior unsecured convertible notes due Sept. 1, 2031.
  • Conversion price set at USD 16 per share, a 60% premium to the USD 9.94 Nasdaq close on Aug. 28, 2026.
  • Interest steps up 1.25% if the share price fails to average USD 15 over a 30-day period 18 months post-issuance.
  • Issuer can force conversion from Sept. 1, 2027 if shares trade at or above USD 20 for 10 straight sessions.
  • Net proceeds earmarked for general corporate purposes, with focus on next-generation satellite and space technology investment.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gilat Satellite Networks Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608310605PRIMZONEFULLFEED9818410) on August 31, 2026, and is solely responsible for the information contained therein.