Comtech Secures $100 Million Investment From White Hat, Magnetar

Comtech Secures $100 Million Investment From White Hat, Magnetar
A logo on the building of Comtech Systems Inc. in Orlando, Fla., in January 2021. Google Maps/Screenshot via The Epoch Times
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Comtech Telecommunications Corp. announced a $100.0 million investment by current shareholder White Hat Capital Partners LP and Magnetar Capital.

White Hat and Magnetar will initially purchase $100.0 million of convertible preferred stock, convertible into shares at $24.50 per share, subject to potential adjustment to $26.00 per share based on Comtech’s FY22 financial performance.