TAT Technologies Ltd., a prominent provider in the aerospace and defense sectors, has announced the successful exercise and closure of the underwriters' option to purchase additional ordinary shares as part of its recent public offering. In this offering, TAT Technologies issued 4,150,000 ordinary shares, comprising 1,625,000 shares directly from the company and 2,525,000 shares from selling shareholders, FIMI Opportunity V, L.P., and FIMI Israel Opportunity Five, Limited Partnership. The underwriters exercised their option to purchase an additional 622,500 shares, with 242,298 issued by TAT and 380,202 by the selling shareholders, all at a public offering price of $26.00 per share. The transaction generated gross proceeds of $6.3 million for TAT, before deductions. The company plans to utilize these funds for general corporate purposes, including working capital and capital expenditures. The joint book-running managers for the offering were Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc., with The Benchmark Company, LLC and Lake Street Capital Markets, LLC acting as passive book-running managers.