{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-300007","form_type":"8-K","ticker":"ASPN","cik":"0001145986","company_name":"ASPEN AEROGELS INC","filed_at":"2023-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.348059+00:00","generated_at":"2026-06-07T09:43:55.752215+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Aspen Aerogels raises ~$75M through registered direct offering of 6.06M shares at $12.375/share","bullets":["Sold 6,060,607 shares to institutional investors including Hood River Capital Management at $12.375/share.","Gross proceeds of approximately $75 million; net proceeds of ~$74.3 million after expenses.","Proceeds to fund capital expenditures, working capital, and general corporate purposes for growth in energy industrial and EV thermal barrier segments.","Offering expected to close on December 22, 2023, subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-300007","json":"https://secwatch.observer/filing/0001193125-23-300007.json","markdown":"https://secwatch.observer/filing/0001193125-23-300007.md","text":"https://secwatch.observer/filing/0001193125-23-300007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1145986/000119312523300007/0001193125-23-300007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1145986/000119312523300007/d564914d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:43:55.752215+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"915c88b6691a958c7f8afe8ac950bb724fddf86b","claim":"ASPEN AEROGELS INC entered into Securities Purchase Agreement with certain institutional investors valued at $12.375 per share (effective 2023-12-19).","evidence_excerpt":"On December 19, 2023, Aspen Aerogels, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional investors named therein (the “Investors”), pursuant to which the Company agreed to issue and sell, in a registered direct offering by the Company directly to the Investors (the “Offering”) an aggregate of 6,060,607 shares (the “Shares”) of the Company’s common stock, $0.00001 par value per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145986/000119312523300007/0001193125-23-300007-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$12.375 per share"},{"label":"Effective","value":"2023-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}