Aspen Aerogels Terminates Previously Announced "At-The-Market" (ATM) Equity Offering Program
Portfolio Pulse from Benzinga Newsdesk
Aspen Aerogels has initiated the 5-day termination process of its previously announced At-The-Market (ATM) equity offering program, with the termination to take effect on June 20, 2023. The company will make no sales under the ATM offering during this period.
June 15, 2023 | 10:01 am
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Aspen Aerogels terminates its ATM equity offering program, which may impact the company's short-term stock price.
The termination of the ATM equity offering program may lead to uncertainty among investors, potentially causing a short-term negative impact on Aspen Aerogels' stock price. The company's decision to not make any sales during this period may also contribute to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100