Reported Earlier, Aspen Aerogels Prices $85M Public Offering Of 4.25M Common Shares At $20/Share
Portfolio Pulse from Benzinga Newsdesk
Aspen Aerogels has announced the pricing of its public offering, raising $85 million by selling 4.25 million common shares at $20 each. The proceeds will be used for working capital, capital expenditures, and general corporate purposes.
October 22, 2024 | 5:58 am
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Aspen Aerogels has priced its public offering, raising $85 million by selling 4.25 million shares at $20 each. The funds will support working capital and other corporate needs.
The public offering is a significant equity action for Aspen Aerogels, providing substantial capital for the company. However, the issuance of new shares could dilute existing shareholders' value, balancing the positive impact of raised funds.
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