Gilat Satellite To Issue 8.9M Shares In $11.25 Per Share Private Placement, Representing 12.15% Of Equity

On December 16, 2025, Gilat Satellite Networks Ltd., an Israeli company (the "Company"), received and accepted commitments from Israeli institutional and accredited investors (as defined under Israel's Securities Law, 5728-1968 (the "Investors"), to participate in a private placement (the "Private Placement") of Ordinary Shares, par value NIS 0.20 per share, of the Company ("Ordinary Shares").

The Company is expected to issue and sell to the Investors an aggregate of 8,888,889 Ordinary Shares (the "Shares"), for a purchase price of US$11.25 per Share. The newly issued Shares are expected to represent approximately 12.15% of the Company's issued and outstanding Ordinary Shares after the consummation of such sale. The closing of the transaction is subject to customary closing conditions and is expected to be completed in December 2025.

The Company expects to receive proceeds from the sale of the Shares, after deducting offering expenses, of approximately US$98.8 million. The Company intends to use such proceeds for general corporate purposes, including strategic acquisitions.