Connect with us

Technology

MDA SPACE ANNOUNCES CLOSING OF C$600 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2033

Published

on

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Aug. 5, 2026 /CNW/ — MDA Space Ltd. (“MDA Space” or the “Company”) (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, announced today that it has successfully closed its previously announced private placement offering (the “Offering”) of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033 (the “Notes”).

The Notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

The Company intends to use the net proceeds from the Offering to fund a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC (“BCT”) (the “Acquisition”), which was previously announced by the Company on June 19, 2026, and acquisition-related fees and expenses. Once completed, the Acquisition is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the U.S. government market for defence space missions. The Acquisition is expected to close by the end of 2026, subject to customary closing conditions. In the event the Acquisition does not close, the Company will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest.

The Notes were offered for sale in each of the provinces of Canada to “accredited investors” on a private placement basis, in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and were offered in the United States only to qualified institutional buyers, pursuant to Rule 144A of the U.S. Securities Act, and outside the United States in offshore transactions in reliance upon Regulation S under the U.S. Securities Act.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA) (NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-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’s been in our 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, we’ll take you there. For more information, visit the Company’s filings on SEDAR+ and the Company’s Investor Relations website at www.mda-en.investorroom.com.

Forward-Looking Statements

This news release contains certain statements that may constitute “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”) which reflects the Company’s current expectations regarding future events. When used in this news release, forward-looking statements, often but not always, can be identified by the use of forward-looking words such as, including but not limited to, “may”, “will”, “would”, “should”, “expect”, “believe”, “intend”, “future” and other similar terminology or the negative or inverse of such words or terminology. Forward-looking statements in this news release include, without limitation, statements with respect to the use of proceeds of the Offering, and the timing and successful completion of the Acquisition, the anticipated benefits and synergies described in connection with the Acquisition, including anticipated demand in the U.S. government market for defence space missions, and the possibility of a special mandatory redemption of the Notes by the Company if the Acquisition is not consummated.

Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors beyond the Company’s control. All forward-looking statements are based on assumptions and analyses made by MDA Space in light of management’s experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to significant known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of MDA Space to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risk that the Acquisition will not be completed on the anticipated timeline or at all, including as a result of a failure to satisfy closing conditions, and the risks and uncertainties detailed under the “Risk Factors” section of MDA Space’s annual information form dated March 4, 2026. Although MDA Space believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with the forward-looking statements. There are a number of additional risks and uncertainties affecting or that could affect MDA Space, which could cause actual results and developments to differ materially from those described in, expressed or implied by these forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information included within this press release. These forward-looking statements speak only as of the date of this news release. Except as required by law, MDA Space is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOCIAL MEDIA

LinkedIn: LinkedIn.com/company/MDAspace 
X: X.com/MDA_space 
Facebook: Facebook.com/MDAspace
YouTube: YouTube.com/c/MDAspace
Instagram: Instagram.com/MDA_space 

SOURCE MDA Space

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Visual Shop and Bluestreak Join Forces with Steelhead Technologies

Published

on

By

Together, the three industry leaders bring decades of metal finishing and heat treating expertise to one platform built for margin and growth.

CALUMET, Mich., Aug. 5, 2026 /PRNewswire-PRWeb/ — Steelhead Technologies announced today the acquisitions of Visual Shop and Bluestreak, two longstanding providers of job shop management and QMS software. Customers of all three companies now have access to next-generation technology to help them get ahead: an all-in-one system built on a digital production floor, with automation and AI built in to power margin and growth.

“ThermTech is excited to announce our partnership with Steelhead Technologies as we implement their AI-powered heat treating platform.” – Mary Springer, Executive Vice President, ThermTech.

For years, Steelhead, Visual Shop, and Bluestreak have earned the trust of metal finishers and heat treaters across North America by delivering systems designed with the specific complexities job shops face in mind. Now these systems are joining forces. Customers are getting the best of each: the digital production floor, the industry knowledge, and the people who understand their business.

“Metal finishing job shops have been under decades of competitive pressure from offshoring, workforce challenges, and volatility in costs. With demographic changes and AI completely changing the operational landscape, the challenges remain as tall as ever. At the same time, top government officials and contractors are urgently bringing back work by reshoring and scaling production. Job shops must leverage technology to rapidly increase capacity and capability while not adding head count to solve every challenge. Steelhead is excited to be their technology partner providing purpose-built technology tailored for metal finishing, supercharged with AI and white-glove service from a knowledgeable team with decades of experience.”

— Jeff Halonen, CEO/Co-Founder, Steelhead Technologies

Continued Investment in Metal Finishing

Steelhead is accelerating its investment in metal finishing to position job shops for the next generation of manufacturing. The team is continuing to invest heavily in the industry, including its investment in FedRAMP to meet the security and documentation standards CMMC compliance requires, and dedicating engineering, support, and product resources specifically to fine-tune workflows. Customers will benefit from access to the people who know metal finishing and heat treating best, drawing on the long-standing experience at Visual Shop and Bluestreak.

“Visual Shop customers have always loved our vast array of features and our friendly and responsive support team that knows their business. To stay competitive in the long term, we would need to build a new product on a modern platform. Steelhead has a great product and shares our philosophy of providing outstanding customer service. As one company with Steelhead and Bluestreak, it’s a big win for customers because we can work together to bring the absolute best software experience to the metal finishing and heat treating industries.”

— Kevin Pluedeman, President of Cornerstone Systems (Visual Shop)

“For over 20 years, Bluestreak has powered heat treating and metal finishing job shops with software built to help them scale without compromising on quality. Looking ahead, we believe partnering with Steelhead positions us to deliver on that promise at an entirely new scale. By joining forces with Steelhead, we are bringing the institutional knowledge and specialized features of Bluestreak together with Steelhead’s modern infrastructure. Our focus remains entirely on supporting customers seamlessly today while building the ultimate, next-generation platform for the next 20 years.”

— Todd Wenzel, President and Founder of Bluestreak

“ThermTech is excited to announce our partnership with Steelhead Technologies as we implement their AI-powered heat treating platform. For decades, ThermTech has grown by investing in the things that matter most to our customers: our people, our equipment, our processes, and the quality systems that stand behind every part we treat. Over the last 23 years, we’ve leveraged and co-developed the Bluestreak QMS, and that investment in capability has been central to how we serve our customers. Moving to Steelhead is the next chapter of that same philosophy, a platform that unites MES, QMS, ERP, financials, and customer service in a single system. Our engineering team will work closely with Steelhead to shape highly specialized heat treating capabilities so we can continue raising the bar on quality, responsiveness, and the service our customers count on.”

— Mary Springer, Executive Vice President, ThermTech

Customer Perspective

At Exactatherm, a heat treater in Mississauga, ON, taking their shop floor digital has simplified training, tightened quality control, and enabled faster turnaround times.

“With Steelhead, if we need a job pulled for review in a Nadcap audit, we can look it up and have all the data right there. We don’t have to train someone with a background in metallurgy or heat treat to enter a job anymore; anyone can do it. That efficiency shows up everywhere: our lead times used to run a couple of weeks, now we’re down to ten days, and parts we used to store for ten to twelve days now move through in five to seven.”

— Vraj Shah, Quality Manager, Exactatherm

At Eastern Plating, a plating shop rebuilding and growing after a major flood, taking the shop floor digital has given the team real-time visibility into every stage of production.

“Before Steelhead we couldn’t see where our parts were at any given time. It was received, a traveler was put on it, and we didn’t know where it was again until it shipped. Now we know where our parts are any time once they’re in Steelhead, and probably 95% of the phone calls have been eliminated. As we’ve continued rebuilding from the flood, we’ve been able to increase our revenue by about 25 to 30%, and we were able to schedule all of that additional revenue with our existing head count.”

— Wayne Wheeler, Eastern Plating

Media Contact

Kelsey Halonen, Steelhead Technologies, 1 7346576859, kelsey@gosteelhead.com, gosteelhead.com

View original content to download multimedia:https://www.prweb.com/releases/visual-shop-and-bluestreak-join-forces-with-steelhead-technologies-302843382.html

SOURCE Steelhead Technologies

Continue Reading

Technology

Jack Henry & Associates to Provide Webcast of Fourth Quarter and Full-Year Fiscal 2026 Earnings Call

Published

on

By

MONETT, Mo., Aug. 5, 2026 /PRNewswire/ — Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that it will host a live webcast of its fourth quarter and full-year fiscal 2026 earnings conference call on August 19, 2026. The press release announcing fourth quarter and year-end fiscal 2026 earnings will be issued after market close on August 18, 2026.

The live webcast, which will begin at 7:45 a.m. Central (8:45 a.m. Eastern), can be accessed on the Jack Henry Web site at jackhenry.com. Please log on 10 minutes prior to the beginning of the call. The earnings call US dial-in number is (833) 630-0605, while international participants dial +1 412-317-1830. Participants will request to join the Jack Henry & Associates call. An archived replay of the quarterly earnings call will be available on jackhenry.com approximately one hour after the live call, or you can dial (855) 669-9658 and use replay access code “8041677” to listen to the replay.

In addition, the company will release quarterly deconversion revenue results prior to the release of the quarterly earnings results. The press release announcing deconversion revenue will be issued after market close on Tuesday, August 11, 2026.

About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-henry–associates-to-provide-webcast-of-fourth-quarter-and-full-year-fiscal-2026-earnings-call-302843915.html

SOURCE Jack Henry & Associates, Inc.

Continue Reading

Technology

RTB House Highlights How E-Commerce Brands Can Boost Sales with Retargeting Tools

Published

on

By

NEW YORK, Aug. 5, 2026 /PRNewswire/ — As the digital marketplace becomes increasingly competitive, maximizing conversion rates remains a top priority for global brands. The integration of advanced deep-learning algorithms into daily advertising strategies is fundamentally changing how businesses interact with potential buyers, enabling them to scale revenue and build lasting customer relationships. For modern e-commerce platforms, the challenge is no longer just acquiring traffic but converting that traffic efficiently without alienating the consumer. Traditional digital marketing methods are proving insufficient in a landscape where consumer attention is fragmented and privacy regulations are tightening. To bridge this gap, leading digital retailers are turning to next-generation advertising technologies that leverage massive computing power to identify complex paths to purchase, fundamentally altering the economics of online customer acquisition.

The Evolution of Personalized Marketing

Traditional advertising models are rapidly giving way to hyper-personalized, AI-driven campaigns. In the past, retargeting often meant showing users repetitive ads for products they had already purchased or ignored—a strategy that frequently resulted in ad fatigue and diminished brand perception. Early retargeting relied heavily on simplistic, rule-based engines that could only react to obvious behavioral triggers. Today, by analyzing vast amounts of consumer data—including browsing habits, dwell time, and previous interactions—modern e-businesses can predict purchasing intent with unprecedented accuracy.

This evolution allows digital marketers to deliver highly relevant content at the exact moment a consumer is ready to buy, minimizing ad fatigue and maximizing engagement. The shift represents a move away from the outdated metric of maximizing sheer click volume. Instead, the focus has pivoted toward “Quality Traffic,” where campaigns are optimized for tag-validated, meaningful on-site engagement. By combining hyper-relevant ad placements with sophisticated LLM-powered audiences, brands can ensure their advertising budgets are spent on consumers demonstrating genuine interest, rather than accidental traffic. Furthermore, the modern era of personalized marketing leverages deep learning to capture what older systems miss. By identifying non-obvious converters and understanding nuanced purchasing behaviors, AI-driven platforms can recommend products that a consumer has never even viewed, creating additive revenue streams that previously went untapped.

Boosting Sales with RTB House Retargeting Tools and Services

To directly address the need to boost sales and accelerate conversion cycles, RTB House provides a robust ecosystem of marketing services powered entirely by proprietary deep-learning algorithms. The company’s comprehensive suite of services includes highly targeted dynamic display campaigns that adapt in real-time to user preferences, personalized video ads that capture attention across various devices, and full-funnel in-app advertising solutions tailored for mobile-first consumers. By seamlessly integrating these advanced retargeting tools, e-commerce platforms can efficiently recapture abandoned carts, increase long-term user retention, and drive measurable revenue growth across all digital touchpoints.

The technological edge provided by these deep-learning-powered campaigns translates into concrete financial performance. Industry data reveals that advanced retargeting deployments can deliver up to a 57% increase in scale at a set return on ad spend (ROAS). Even more significantly, intelligent product recommendation engines have demonstrated that up to 61% of purchased products driven by these systems were not previously viewed by the consumer, proving the AI’s ability to actively generate new demand rather than simply fulfill existing intent.

The suite of services also includes on-brand shoppable creative, which displays personalized product recommendations based entirely on first-party signals. Delivered across the entire purchase journey, this visually engaging approach accelerates performance while strengthening overarching brand equity. Trusted by major global brands across various sectors—including retail giants like Steve Madden, travel platforms like Secret Escapes, and automotive marketplaces like Autotrader—the deep-learning infrastructure has proven its capacity to handle vast amounts of industry data. By identifying hidden patterns within this data, the technology convinces high-intent prospects to take definitive action, fueling a continuous, virtuous cycle of conversion, new customer acquisition, and sustained demand generation.

Future-Proofing Sales Strategies

Digital retailers must adapt to these technological advancements to remain competitive. Implementing state-of-the-art marketing frameworks ensures that brands remain agile, especially as the industry shifts toward a privacy-first, cookie-limited environment. The industry’s broader shift toward a privacy-first environment has forced a critical reevaluation of how advertising data is sourced and deployed.

In response, modern retargeting solutions emphasize the activation of first-party signals. By identifying the behaviors of a brand’s most valuable customers, deep learning algorithms can find new, similar audiences without relying on outdated tracking methods. Crucially, this approach operates without the pooling or selling of a brand’s proprietary data, allowing companies to build an exclusive and secure competitive edge. By prioritizing deep-learning retargeting, companies not only see an immediate lift in their return on ad spend (ROAS) but also secure long-term growth and sustainable customer loyalty in an unpredictable digital economy. As e-commerce continues to evolve, the brands that integrate privacy-compliant, AI-driven technologies into their core marketing stacks will be the ones best positioned to dominate their respective markets for years to come.

Media Contact:

Company: RTB House
Email: digital.global@rtbhouse.com
Website: https://www.rtbhouse.com/

High-Res Image Download (Google Drive): https://drive.google.com/file/d/1c8cgxoV4GVDMva4fIv46dJF6hjSze9X0/view?usp=sharing

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/rtb-house-highlights-how-e-commerce-brands-can-boost-sales-with-retargeting-tools-302843978.html

Continue Reading

Trending