Edenbrook Capital trims Frequency Electronics stake to 11.15% after selling 652,174 shares in the offering
FEIM has more than doubled off its 52-week low of $24.722.
Summary
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.
Key Events · Ownership and Investor Activity · FEIM
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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).
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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.
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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.
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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.
Analysis · 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.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 29.7% of the 1739 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FEIM was trading at $59.89 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $591.1M. The 52-week trading range was $24.72 to $80.52. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.