Gilat Satellite Networks Announces Oversubscribed Private Placement of $100 Million

Gilat Satellite Networks has announced a $100 million private placement of Ordinary Shares to institutional and accredited investors. The Company plans to issue 8.9 million shares at $11.25 per share, representing a 7.9% discount to the 10-day VWAP. The proceeds will be used for general corporate purposes, including potential strategic acquisitions. The transaction is expected to be completed in December 2025.