Gilat Secures $65 Million Through Private Placement of Ordinary Shares

2 min read | September 10, 2025 08:01 PM AEST | By Sonal Goyal

Gilat Secures $65 Million Through Private Placement of Ordinary Shares — Image source: © 2025 Krish Capital Pty. Ltd.

Transaction Details

The company will issue and sell an aggregate of 7,058,820 ordinary shares at a purchase price of US$9.35 per share, representing a 6.3% discount to the company’s seven-day volume-weighted average price (VWAP).

The newly issued shares will account for around 11% of Gilat’s total outstanding shares following the completion of the placement. The closing of the transaction remains subject to customary conditions and is expected to be finalized in September 2025.

Use of Proceeds

Gilat expects to generate approximately US$65 million in net proceeds, after deducting offering expenses. These funds will be directed toward general corporate purposes, strengthening the company’s ability to support growth initiatives, enhance its technology solutions, and meet operational needs.

The private placement marks a significant fundraising step as Gilat continues to advance its role in providing critical satellite connectivity solutions across commercial and defense markets.

About Gilat Satellite Networks

Headquartered in Israel, Gilat Satellite Networks Ltd. has more than 35 years of experience in the satellite communications sector. The company designs and delivers advanced technology solutions for satellite-based broadband, ground infrastructure, and emerging new space applications.

Its portfolio serves a wide range of industries, including commercial broadband, mobility, cellular backhaul, and defense communications. Gilat emphasizes its mission to extend connectivity to underserved regions globally, enabling access to reliable communications networks in remote and critical locations.

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