The $OHB (-4,79 %) , but I don’t think a 25% discount on the current price during a capital increase would warrant describing it as “huge interest,” as the CEO did. If you’re offering me $RKLB (+2,59 %) at $60, I’ll buy it too.
Investing.com -- OHB SE (XETRA:OHB) shares fell 4% to €299 on Friday after the company announced a share placement below the current market price.
The German space technology company sold approximately 1.6 million new shares at €300 each, raising around €482 million. The offering price represented a 26% discount to the closing price of €405.50 on June 22, the trading day prior to the announcement.
OHB announced on June 24 that the placement of 1.6 million of the planned 1.7 million new shares had been completed. The remaining 97,000 shares will be offered to existing minority shareholders; the sale is expected to be completed by July 8 at the latest. If fully subscribed, the capital raise could reach the planned €510.7 million.
The company plans to use the proceeds primarily to expand its production capacity. Additional funds are intended to finance planned acquisitions, investments in launch vehicles, and future projects.
OHB is active in satellite manufacturing and is involved in two launch vehicle programs through its subsidiary MT Aerospace—a key supplier to the Ariane 6 program—and through its stake in Rocket Factory Augsburg. The company is also involved in several forward-looking projects in the field of space infrastructure, including the European Moonport Company and Dassault’s VORTEX space glider initiative.
CEO Marco Fuchs cited the “very strong interest” in the capital raise as evidence that the company is at the center of Europe’s expanding space sector.
