Short answer
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events). Total shares sold: 16,428,571 (14.3M base + 2.1M overallotment, fully exercised) at $84.00/share.
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Total shares sold: 16,428,571 (14.3M base + 2.1M overallotment, fully exercised) at $84.00/share
- Gross proceeds ~$1.38B before underwriting discounts; offering closed March 2, 2026
- Lead underwriter Robert W. Baird; shares registered via S-3ASR (auto-effective shelf)
- Proceeds earmarked for capex scaling, R&D, balance sheet strength, and M&A including Nomad acquisition and pending Orbit deal
- Significant dilution event: 16.4M new shares issued; investors should assess impact on per-share metrics
Item 8.01 · Other Events
- Kratos launching a securities offering (equity or debt): pricing already set as of Feb 26, 2026, signaling imminent capital raise
- Dual press releases filed same day suggest rapid execution: launch and pricing announced simultaneously
- Dilution or leverage risk depends on offering type; investors should review Exhibits 99.1 and 99.2 for deal size and terms
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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