FLY News & Events

Goldman Sachs, JPMorgan, Jefferies and Wells Fargo acted as joint book running managers for the offering.

Markets reopened following the holiday weekend with renewed optimism that negotiators in the U.S.-Iran war are making progress, sending Crude Oil prices and Treasury yields lower and broader indices higher.  Basic Materials and Industrials were the best performing sectors in the S&P 500, while Energy was the worst as WTI Crude Oil fell over 3% below $94 per barrel.  Demand for AI-capex-linked Tech names also remained strong as the bid in memory stocks remained unrelenting - Micronjoined the trillion-dollar-market-cap club with a 20% jump, followed by On Semi, Teradyne, and Western Digital, whose shares were up 8%-9%.In the opening hour of the evening session, index futures are little changed.  S&P 500 is just shy of 7,540, Nasaq 100 is above 30,000 and Dow Industrials - the lone index to finish Tuesday in the red due to declines in all of its Healthcare components - is just above 50,550.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Semtechup 7.0%Oomaup 2.4%Modine Manufacturingup 1.7%DOWN AFTER EARNINGS -Zscalerdown 19.4%Transcatdown 3.0%Box, Inc.down 1.7%ALSO LOWER -Verra Mobilitydown 42.7% after termination of agreement notice from Avis BudgetSOLV Energydown 7.8% after equity offeringGlobalFoundriesdown 6.6% after block saleInsuletdown 6.2% after initiating voluntary medical device correction for certain Omnipod lotsFirefly Aerospacedown 5.3% after equity offeringForgent Power Solutionsdown 4.7% after equity offering

Firefly Aerospace announced the commencement of a public offering of its common stock by Firefly and certain selling stockholders. Firefly is offering 4M shares of common stock and the selling stockholders are offering 8M shares of common stock pursuant to a registration statement on Form S-1 filed with the SEC. Firefly intends to use the net proceeds from the offering for general corporate purposes, including to support growth of core business and recently awarded programs and initiatives. Firefly will not receive any of the proceeds from the sale of shares by the selling stockholders. Goldman Sachs & Co, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead book-running managers for the proposed offering.

Firefly Aerospace announced it was awarded a $75M subcontract from NASA's Jet Propulsion Laboratory to deliver four drones to the Moon's south pole in support of the agency's MoonFall mission, targeted to launch no earlier than 2028. MoonFall is part of the first phase of NASA's Moon Base, a long-term lunar exploration and infrastructure initiative designed to enable sustained human presence and expanded scientific and commercial activity at the lunar south pole.