Aspen Aerogels prices public offering of 25.3M shares at $9.50/sh for ~$240M gross proceeds

ASPEN AEROGELS INC

Offering of 25,263,158 shares priced at $9.50 per share, expected gross proceeds of ~$240M.
Underwriters granted 30-day option to purchase up to 3,789,473 additional shares for over-allotments.
Offering expected to close on or about December 2, 2022, subject to customary conditions.
Cowen and Company and Barclays Capital are the representatives of the underwriters.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ASPEN AEROGELS INC entered into Underwriting Agreement with Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters valued at approximately $240 million (effective 2022-11-29).

Action: entry
Agreement: underwriting
Counterparty: Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters
Value: approximately $240 million
Effective: 2022-11-29

Exact text from the filing

On November 29, 2022, Aspen Aerogels, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters named in Schedule A therein (the “Underwriters”), relating to the underwritten public offering of 25,263,158 shares of the Company’s common stock, par value $0.00001 per share (the “Offering”). The price to the public in the Offering was $9.50 per share.

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ASPEN AEROGELS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-295525

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