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Security Profile
- Security Type
- Common Stock
- CUSIP
- 87969B101
- Market Cap
- Small Cap · $166 Million
Business: Telos Corporation offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions to ensure that personnel can work and collaborate securely and productively. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world.
Notes: Nov. 19, 2020 -- Telos® Corporation (“Telos”), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, announced today the upsizing and pricing of its previously announced initial public offering of 14,968,859 shares of common stock at a price of $17.00 per share (the “Offering”). The shares will be listed on the Nasdaq Global Market under the ticker symbol “TLS” beginning on November 19, 2020. The Offering is expected to close November 23, 2020.
Telos intends to use the net proceeds of the Offering for general corporate purposes, to repurchase a non-controlling interest in Telos Identity Management Solutions LLC, retire all outstanding 12% Cumulative Exchangeable Redeemable Preferred Stock, and repay its outstanding senior term loan and subordinated debt. <p> November 12, 2020, Telos Corp completed a 0.794-for-1 stock split with respect to its common stock.
Company Contact
- CEO
- John B. Wood
- CFO
- Mark Bendza
- Headquarters
- 19886 Ashburn Road, Ashburn, VA 20147
- Phone
- 703-724-3800
- Investor Relations
- Brinlea Johnson, The Blueshirt Group · brinlea@blueshirtgroup.com