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- Controlled Company (new) — AE Industrial Partners controls a majority of voting power for director elections through a Director Nomination Agreement and voting proxies, qualifying Firefly as a controlled company where public shareholders have limited governance rights.
Firefly Aerospace (FLY) prices 12M-share offering: 4M primary at market, 8M secondary by AE Industrial
Filed June 1, 2026 · ~2 min read
Offering filing cluster
Same offering- 424B4 Jun 1, 2026 This filing EDGAR →
- 8-K Jun 2, 2026 Firefly Aerospace prices 12M share offering at $48; insiders sell 8M of 12M total shares EDGAR →
Key Changes
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Firefly receives $181.9M net proceeds from 4M primary shares for general corporate purposes and growth; 8M secondary shares sold by AE Industrial Partners (proceeds to seller, not company).
Use of Proceeds verify on EDGAR → -
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AE Industrial Partners controls majority voting power for director elections via Director Nomination Agreement and voting proxies, making Firefly a controlled company with limited public shareholder governance rights.
The Offering verify on EDGAR → -
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New investors face $43.90/share dilution; 42.1M shares reserved or outstanding under options (weighted avg. exercise $1.32), RSUs, warrants, and equity plans—26% overhang vs. 160.1M shares outstanding.
Dilution verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 8, 2026 · How we verify