Firefly Aerospace (NASDAQ: FLY) announced a public offering of common stock involving 4 million new shares from the company and 8 million shares from existing stockholders. The space and defense technology company filed a registration statement on Form S-1 with the Securities and Exchange Commission for the proposed offering.

The selling stockholders plan to grant underwriters a 30-day option to purchase up to an additional 1.8 million shares at the public offering price, minus underwriting discounts and commissions. Firefly stated it will use net proceeds from its portion of the offering for general corporate purposes, including supporting growth of core business and recently awarded programs. The company will not receive proceeds from shares sold by existing stockholders.

Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities serve as lead book-running managers for the proposed offering. The offering remains subject to market and other conditions, with no assurance regarding completion timing.

The registration statement has been filed with the SEC but has not yet become effective. Securities cannot be sold until the registration statement becomes effective, according to the company's announcement.

Firefly Aerospace, established in 2017, operates engineering, manufacturing, and test facilities in central Texas. The company develops small- to medium-lift launch vehicles, lunar landers, and orbital vehicles for space missions.