Edenbrook Capital trims Frequency Electronics stake to 11.15% after selling 652,174 shares in the offering

summarizeSummary

Edenbrook Capital sold 652,174 shares in Frequency Electronics' public offering, reducing its stake to 11.15% and entering a 60-day lock-up. The sale generated approximately $37.5 million for the selling stockholders.

check_boxKey Events · Ownership and Investor Activity · FEIM

• Edenbrook Sells 652,174 Shares

  Edenbrook Value Fund, LP sold 97,826 shares and Edenbrook Long Only Value Fund, LP sold 554,348 shares at $57.50 per share, reducing their aggregate ownership from 1,873,810 shares to 1,221,636 shares (11.15% of class).

• Proceeds of ~$37.5 Million

  The sale generated approximately $37.5 million for the selling stockholders, part of the $100 million public offering that closed on July 30, 2026.

• 60-Day Lock-Up Agreement

  Edenbrook entities entered into a lock-up agreement with the underwriter, restricting further sales of Common Stock or securities convertible into Common Stock for 60 days, subject to customary exceptions.

• Jonathan Brolin Retains 1,242,941 Shares

  Jonathan Brolin, managing member of Edenbrook and a director, beneficially owns 1,242,941 shares (11.33% of class), including 21,305 RSUs of which 7,901 have vested.

auto_awesomeAnalysis · FEIM · Industrial Applications And Services

Edenbrook Capital and its affiliates sold 652,174 shares at $57.50 per share in the company's public offering, reducing their combined stake from approximately 17.1% to 11.15%. The sale was part of the $100 million offering that closed today, with the selling stockholders receiving roughly $37.5 million in proceeds. The filing also reveals a 60-day lock-up agreement that prevents further sales by Edenbrook entities, signaling near-term stability in the shareholder base despite the reduction. Jonathan Brolin, managing member of Edenbrook and a director, retains 1,242,941 shares including RSUs, and the filing expresses continued support for management and growth prospects.