HawkEye 360, which provides space-based radio signals intelligence for defense applications, raised $416 million by offering 16 million shares at $26, the high end of the $24 to $26 range.
HawkEye 360 is a defense technology company that provides space-based radio frequency signals intelligence and analytics to government and allied customers. The company designs and operates a constellation of small satellites that collect RF data, then processes that data through proprietary signal processing and AI-enabled analytics software to detect, geolocate, classify, and track emitters such as radars, jammers, vessels, and communications networks. Its offerings span data subscriptions, analytics, custom SIGINT software and hardware solutions, and mission-specific support services used across defense, intelligence, maritime security, and spectrum monitoring applications.
The Herndon, VA-based company will trade on the NYSE under the symbol HAWK. Goldman Sachs, Morgan Stanley, RBC Capital Markets, Jefferies, BofA Securities, Baird, Raymond James, and William Blair acted as joint bookrunners on the deal.
