FLY Firefly Aerospace Inc.
Price Chart
Executive Summary
Firefly Aerospace priced a follow-on public offering of 12,000,000 shares of common stock at $48.00 per share, with the company selling 4,000,000 new shares and selling stockholders (Glow entities) selling 8,000,000 shares. The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares from the selling stockholders. The offering closed on June 1, 2026, raising approximately $183 million in gross proceeds for the company before underwriting discounts and expenses.
Actionable Insight
The offering increases the company's public float by 4,000,000 new shares (approximately 4.5% dilution based on pre-offering shares outstanding implied by market cap and offering price). The selling stockholders' 8,000,000 shares represent a significant secondary sale by Glow entities, which may signal insider monetization. Monitor for any exercise of the underwriters' greenshoe option and watch for insider selling patterns post-lockup expiration.
Key Facts
- Public offering of 12,000,000 shares at $48.00 per share (4,000,000 new shares from company, 8,000,000 from selling stockholders)
- Underwriters have a 30-day option to purchase up to an additional 1,800,000 shares from selling stockholders
- Underwriters purchase price is $45.72 per share (a $2.28 discount from the $48.00 public offering price)
- Offering closed and shares delivered on June 1, 2026
- Lead underwriters: Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo Securities
- Selling stockholders are Glow Holdings Aggregator, LLC and Glow NS Holdings, LLC
- Standard 90-day lock-up agreements for company and 75-day lock-up for insiders
- Company is an emerging growth company
Financial Impact
Company raised approximately $183 million in gross proceeds from sale of 4,000,000 new shares at $48.00 (before underwriting discounts and offering expenses). Selling stockholders received proceeds from their 8,000,000 shares.
Risk Factors
- Secondary sale by Glow entities (8M shares) may indicate insider desire to reduce position
- Dilution from 4M new shares could pressure EPS in near term
- Potential for additional overhang if greenshoe option is fully exercised (1.8M additional shares)
- Lock-up expiration in ~75-90 days could lead to further selling pressure
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-252407 |
| Document: d156539d8k.htm | 0001193125-26-252407 |
| Document: 0001193125-26-252407-index-headers.html | 0001193125-26-252407 |
| Document: 0001193125-26-252407-index.html | 0001193125-26-252407 |
| Document: 0001193125-26-252407.txt | 0001193125-26-252407 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 2, 2026
10d ago
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8-K
| $43.37 $39.78 | ▼ −8.28% | ▼ −7.58% | $31.87 (−26.52%) |
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May 29, 2026
15d ago
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EFFECT
| $46.49 $44.24 | ▼ −4.84% | ▼ −5.10% | $31.87 (−31.45%) |
|
May 29, 2026
15d ago
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Press Release
| $46.49 $44.24 | ▲ +4.84% | ▲ +5.10% | $31.87 (+31.45%) |
|
May 26, 2026
17d ago
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Press Release
| $57.28 $49.37 | ▼ −13.81% | ▼ −14.35% | $31.87 (−44.36%) |
|
May 4, 2026
5w ago
|
Press Release
| $31.52 $31.52 | · 0.00% | ▼ −1.38% | $31.87 (+1.11%) |
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May 4, 2026
5w ago
|
8-K
| $31.52 $31.52 | · 0.00% | ▼ −1.38% | $31.87 (+1.11%) |
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May 4, 2026
5w ago
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Press Release
| $33.37 $31.52 | ▼ −5.54% | ▼ −6.34% | $31.87 (−4.50%) |
|
Apr 21, 2026
7w ago
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8-K
| $41.45 $38.54 | ▼ −7.02% | ▼ −6.63% | $31.87 (−23.11%) |
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Apr 21, 2026
7w ago
|
Press Release
| $41.45 $38.54 | ▼ −7.02% | ▼ −6.63% | $31.87 (−23.11%) |
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Apr 17, 2026
8w ago
|
DEFA14A
| $42.79 $42.09 | ▼ −1.64% | ▼ −0.98% | $31.87 (−25.52%) |
US Market Status
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