secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001193125-23-300007
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels raises ~$75M through registered direct offering of 6.06M shares at $12.375/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000119312523300007/0001193125-23-300007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000119312523300007/d564914d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-300007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer