Welcome to our dedicated page for Telos news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos stock.
Telos Corporation reports developments in cyber, cloud and enterprise security solutions for government agencies, regulated industries and global enterprises. Its updates commonly cover financial results, investor events, the Xacta® cyber governance, risk and compliance platform, identity and biometric solutions, secure networks and communications, and TSA PreCheck® enrollment services.
Company news also includes authorization and compliance milestones for Xacta modules, expansion of TSA PreCheck enrollment access, and business outlook commentary tied to recurring earnings releases.
Telos Corporation has successfully closed an additional 2,245,328 shares of its common stock, following the full exercise of the underwriters’ over-allotment option during its initial public offering. The shares were priced at $17.00 each, yielding gross proceeds of approximately $38.17 million. In total, Telos sold 17,214,187 shares, generating $292.64 million in gross proceeds. The company’s shares began trading on the Nasdaq Global Market under ticker symbol TLS on November 19, 2020.
Telos Corporation has successfully closed its upsized initial public offering, selling 17,214,187 shares at $17.00 each, raising gross proceeds of approximately $292.64 million. The shares began trading on Nasdaq under the symbol TLS on November 19, 2020. The offering's joint bookrunners include B. Riley Securities, BMO Capital Markets, and Needham & Company. An additional 2,245,328 shares were purchased through an over-allotment option exercised by underwriters. The transaction is subject to customary closing conditions.
Telos Corporation announced the pricing of its initial public offering (IPO) with 14,968,859 shares at $17.00 per share, set to begin trading on Nasdaq under the ticker symbol TLS from November 19, 2020. The IPO is expected to close on November 23, 2020. Proceeds will be used for general corporate purposes, purchasing a non-controlling interest in Telos Identity Management Solutions LLC, and retiring debt. The underwriters have a 30-day option to purchase an additional 2,245,328 shares at the IPO price.