Frequency Electronics (NASDAQ: FEIM) adds $14.1M from 260,869 option shares
Rhea-AI Filing Summary
Frequency Electronics, Inc. reports that underwriters fully exercised their 30‑day option to purchase 260,869 additional shares of common stock granted in connection with a recent underwritten offering. This option relates to a broader transaction in which the company sold 1,086,957 shares and selling stockholders sold 652,174 shares.
The option was exercised on August 3, 2026 and the shares were purchased on August 5, 2026, generating approximately $14.1 million in gross proceeds to the company before underwriting discounts, commissions and offering expenses. Frequency Electronics plans to use the net proceeds to fund additional growth opportunities, including capital expenditures, working capital and other general corporate purposes. The option shares were issued under an effective registration statement on Form S‑3 with related prospectus supplements.
Positive
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Negative
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Option shares sold: 260,869 shares
Gross proceeds from option shares: $14.1 million
Company shares in base offering: 1,086,957 shares
+3 more
6 metrics
Option shares sold
260,869 shares
Additional common shares purchased by underwriters on August 5, 2026 after exercising the option in full
Gross proceeds from option shares
$14.1 million
Approximate gross proceeds to Frequency Electronics from sale of the 260,869 option shares before fees
Company shares in base offering
1,086,957 shares
Common shares offered and sold by Frequency Electronics in the initial underwritten offering completed July 30, 2026
Selling stockholder shares in base offering
652,174 shares
Common shares offered and sold by Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP
Underwriters’ option period
30 days
Period following the Underwriting Agreement during which underwriters could purchase up to 260,869 additional shares
Registration statement file number
333-297549
Form S-3 registration statement under which the option shares were registered
Key Terms
Underwriting Agreement, Selling Stockholders, Option Shares, registration statement on Form S-3, +1 more
5 terms
Underwriting Agreement financial
"pursuant to an underwriting agreement (the “Underwriting Agreement”)"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
Selling Stockholders financial
"Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP, as selling stockholders (the “Selling Stockholders”)"
Selling stockholders are existing owners of a company's shares who are offering some or all of their holdings for sale, often as part of a public offering or secondary transaction. For investors this matters because such sales increase the number of shares available to buy, can signal how confident current owners are about future prospects, and may put short-term pressure on the stock price similar to more tickets being released for a popular event.
registration statement on Form S-3 regulatory
"registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
prospectus supplement regulatory
"a preliminary prospectus supplement dated July 28, 2026 and a final prospectus supplement, dated July 28, 2026"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
