Frequency Electronics, Inc. completed a public equity offering on July 30, 2026, issuing 1,739,131 shares at $57.50 per share. The transaction included 1,086,957 primary shares sold by the company and 652,174 secondary shares sold by selling stockholders Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP. Morgan Stanley & Co. LLC acted as underwriter. The company received approximately $62.5 million in gross proceeds before deducting discounts and expenses. An option to purchase up to 260,869 additional shares was granted to the underwriters. Frequency Electronics, Inc. operates in the defense electronics industry, providing timing, navigation, and communication solutions.

Frequency Electronics, Inc. reported its fiscal 2026 financial results, announcing a record $111 million funded backlog, representing a 34% sequential and 59% annual increase. The company established a three-year minimum gross margin target of 50% and an operating margin target of 30% by Fiscal 2029, while reaffirming its $150 million revenue target for Fiscal 2029. Frequency Electronics, Inc. is a provider of precision time and frequency generation technology for space and defense applications.

Frequency Electronics, Inc. entered into a $10,000,000 three-year senior, secured revolving credit facility with JPMorgan Chase Bank, N.A. The facility includes $5,000,000 available for letters of credit. Interest rates for CBFR Borrowings are the greater of the Prime Rate or 2.50% plus 2.50%, while SOFR Borrowings bear interest at the Adjusted Term SOFR Rate plus 2.50%. The agreement includes financial covenants regarding leverage and fixed charge coverage ratios. Frequency Electronics, Inc. is a provider of high-precision timing and frequency control solutions for aerospace and defense industries.