LEONARDO DRS INC. (NASDAQ: DRS) Leonardo DRS, Inc.
(“DRS”) announced today the commencement of a public secondary
offering of 16,500,000 shares of its common stock by Leonardo US
Holding, LLC (the “Selling Stockholder”), a subsidiary of Leonardo
S.p.A. The Selling Stockholder intends to grant the underwriters a
30-day option to purchase up to an additional 2,475,000 shares of
DRS’s common stock from the Selling Stockholder. Upon completion of
the offering, Leonardo S.p.A. is expected to beneficially own
approximately 73.9% of the outstanding common stock of DRS, or
approximately 72.9% if the underwriters fully exercise their option
to purchase additional shares. All of the shares in the offering
will be sold by the Selling Stockholder. DRS is not offering any
shares of common stock in this offering and will not receive any
proceeds from the sale of shares by the Selling Stockholder.
Morgan Stanley, BofA Securities and J.P. Morgan are acting as
joint book-running managers for the proposed offering.
The shares of common stock in the offering are being offered
pursuant to an automatically effective shelf registration statement
on Form S-3 filed with the Securities and Exchange Commission
(“SEC”) on November 15, 2023. The offering is being made only by
means of a prospectus supplement and the accompanying prospectus
that forms a part of the registration statement. Copies of the
prospectus and prospectus supplement relating to the offering may
be obtained if you request it by contacting: Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York 10014; BofA Securities, Inc., Attention:
Prospectus Department, NC1-022-02-25, 201 North Tryon Street,
Charlotte, North Carolina 28255-0001 or by email at
dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC,
Attention: c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717 or by telephone at 866-803-9204 or
by email at prospectus-eq_fi@jpmorganchase.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy securities, nor shall there be any
offer or sale of securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Leonardo DRS
Headquartered in Arlington, VA, Leonardo DRS, Inc. is an
innovative and agile provider of advanced defense technology to
U.S. national security customers and allies around the world. We
specialize in the design, development and manufacture of advanced
sensing, network computing, force protection, and electric power
and propulsion, and other leading mission-critical technologies.
Our innovative people are leading the way in developing disruptive
technologies for autonomous, dynamic, interconnected, and
multi-domain capabilities to defend against new and emerging
threats.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and
cautionary statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Some of the forward-looking
statements can be identified by the use of forward-looking terms
such as “believes,” “expects,” “may,” “will,” “shall,” “should,”
“would,” “could,” “seeks,” “aims,” “targets,” “intends,” “plans,”
“estimates,” “anticipates” or other comparable terms.
Forward-looking statements include, without limitation, all matters
that are not historical facts, including, without limitation,
statements regarding the offering and the consummation of the
offering.
You should read this press release completely and with the
understanding that actual future results may be materially
different from expectations. All forward-looking statements made in
this press release are qualified by these cautionary statements.
These forward-looking statements are made only as of the date of
this filing, and we do not undertake any obligation, other than as
may be required by law, to update or revise any forward-looking or
cautionary statements to reflect changes in assumptions, the
occurrence of events, unanticipated or otherwise, and changes in
future operating results over time or otherwise.
Other risks, uncertainties and factors, including those
discussed in our latest SEC filings under “Risk Factors” of our
latest Annual Report on Form 10-K and Quarterly Reports on Form
10-Q, filed with the SEC, could cause our actual results to differ
materially from those projected in any forward-looking statements
we make. Readers should read carefully the discussion of these
factors to better understand the risks and uncertainties inherent
in our business and underlying any forward-looking statements.
Disclaimers
In any member state of the European Economic Area (the "EEA"),
this press release is directed only at persons in that member state
who are "qualified investors" within the meaning of Article 2(e) of
Regulation (EU) 2017/1129 ("Qualified Investors"). In the United
Kingdom, this press release is directed only at persons who: (A)
(i) are "investment professionals" specified in Article 19(5) of
the Financial Services and Markets Act (Financial Promotion) Order
2005 (the "Order") and/or (ii) fall within Article 49(2)(a) to (d)
of the Order; and (B) are "qualified investors" within the meaning
of Article 2(e) of Regulation (EU) 2017/1129 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018
(all such persons together being referred to as "Relevant
Persons"). This press release must not be acted on or relied on (i)
in the United Kingdom, by persons who are not Relevant Persons, and
(ii) in any member state of the EEA, by persons who are not
Qualified Investors. Any investment or investment activity to which
this press release relates is available only to: (i) in the United
Kingdom, Relevant Persons; and (ii) in any member state of the EEA,
Qualified Investors, and will be engaged in only with such
persons.
This announcement does not constitute an offer of any securities
to the public in Italy. The shares will not be registered with the
Commissione Nazionale per le Società e la Borsa (“CONSOB”) pursuant
to Italian securities legislation and, accordingly, no shares may
be offered, sold or delivered, nor may copies of the prospectus,
the prospectus supplement and any other document relating to any
shares be distributed in the Republic of Italy, except: (i) to
qualified investors (investitori qualificati), as defined in
Article 2, letter e) of the Regulation (EU) 2017/1129 (“Prospectus
Regulation”), pursuant to Article 1, fourth paragraph, letter a),
of the Prospectus Regulation; or (ii) in other circumstances which
are exempted from the rules on public offerings pursuant to Article
1 of the Prospectus Regulation. Any offer, sale or delivery of the
shares or distribution of copies of the prospectus, the prospectus
supplement and any other document relating to any shares in the
Republic of Italy must be in compliance with applicable Italian
laws and regulations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231115388750/en/
Leonardo DRS Investor Relations Contact
Steve Vather Vice President, Investor Relations and Corporate
Finance +1 703 409 2906 stephen.vather@drs.com
Leonardo DRS Media Contact
Michael Mount Vice President, Communications and Public Affairs
+1 571 447 4624 mmount@drs.com
Leonardo DRS (NASDAQ:DRS)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Leonardo DRS (NASDAQ:DRS)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024