Ms. Amy MacLeod reports

MDA SPACE ANNOUNCES CLOSING OF ITS UPSIZED BOUGHT DEAL OFFERING OF COMMON SHARES

MDA Space Ltd. has closed its previously announced upsized bought deal offering of common shares of MDA Space in Canada and the United States. A total of 23 million common shares were issued and sold at a price of $35.60 (U.S.) per common share for aggregate gross proceeds to the company of approximately $819-million (U.S.).

MDA Space has granted the underwriters an overallotment option to purchase up to an additional 15 per cent of common shares issued in connection with the offering, to cover overallotments, if any, at the offering price. The option is exercisable in whole or in part at any time up to 30 days following the closing of the offering.

The offering was conducted through a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, as joint lead bookrunners, and J.P. Morgan, Scotiabank and BofA Securities, as joint active bookrunners.

MDA Space intends to use the net proceeds of the offering to finance a portion of the purchase price, which is payable in cash, of its acquisition of an approximately 70-per-cent interest in Collecte Localisation Satellites, as previously announced on July 8, 2026. The net proceeds may also be used to finance the repayment of all or a portion of CLS's existing indebtedness (if the company is unable to arrange debt financing to repay such indebtedness) and/or related financing fees and transaction expenses.

About MDA Space Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global defence and space industry. A robotics, satellite system and geointelligence pioneer with a 55-plus-year story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that has been in its DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, MDA Space will take you there.

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