Curated News
By: NewsRamp Editorial Staff
September 09, 2025
Gilat Secures $65M Private Placement for Satellite Tech Expansion
TLDR
- Gilat Satellite Networks secured $66 million in private funding at a 6.3% discount, providing strategic capital for competitive expansion and market positioning.
- Gilat will issue 7,058,820 shares at $9.35 each through a private placement in Israel, with closing expected in September 2025 for general corporate purposes.
- This funding enables Gilat to advance satellite connectivity solutions, helping bridge global communication gaps and improve access to critical services worldwide.
- Gilat's $66 million private placement represents an 11% equity dilution at a discount, showcasing institutional confidence in satellite networking technology.
Impact - Why it Matters
This funding round demonstrates investor confidence in the growing satellite communications sector, which is crucial for global connectivity, defense systems, and emergency communications. As satellite technology becomes increasingly vital for remote work, disaster response, and national security, Gilat's strengthened financial position enables continued innovation in critical infrastructure that keeps people connected during crises and supports economic development in underserved regions. The investment also highlights Israel's growing prominence in defense and communications technology markets.
Summary
Gilat Satellite Networks Ltd, a global leader in satellite networking technology, has secured significant financial backing through a private placement from Israeli institutional and accredited investors. The company, which trades on both NASDAQ and TASE under the symbol GILT, received commitments for the sale of 7,058,820 ordinary shares at $9.35 per share, representing a 6.3% discount to the 7-day volume weighted average price. This substantial investment will provide Gilat with approximately $65 million in net proceeds after offering expenses, which the company intends to use for general corporate purposes to further its satellite connectivity mission.
The private placement, approved by Gilat's Board of Directors, is structured as an Israeli-only offering made under Regulation S of the U.S. Securities Act, meaning it is not available to U.S. persons. The newly issued shares will represent approximately 11% of the company's outstanding ordinary shares after completion, with the transaction expected to close in September 2025 subject to customary closing conditions. This strategic move comes as Gilat continues to expand its comprehensive portfolio of satellite-based broadband solutions through its Commercial and Defense Divisions, serving government, mobility, enterprise, and critical infrastructure clients worldwide.
As a company with over 35 years of experience, Gilat operates through subsidiaries including Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, offering integrated solutions for multi-orbit constellations and advanced satellite technologies. The investment underscores confidence in Gilat's position as a key player in the global satellite communications market, particularly as demand for reliable connectivity continues to grow across both commercial and defense sectors. This financial infusion will support the company's ongoing innovation in satellite, ground, and new space connectivity solutions that serve critical applications worldwide.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Gilat Secures $65M Private Placement for Satellite Tech Expansion
