other material
confidence high
sentiment neutral
materiality 0.65
Aspen Aerogels prices public offering of 4.25M shares at $20/share for ~$85M gross proceeds
ASPEN AEROGELS INC
- Priced public offering of 4,250,000 shares of common stock at $20.00 per share; gross proceeds ~$85M.
- Underwriters granted 30-day option to purchase up to 637,500 additional shares at same price.
- Offering expected to close October 23, 2024; net proceeds for working capital and capex.
- Goldman Sachs & Co. LLC and Morgan Stanley acting as joint book-running managers.
- Shares offered under shelf registration statement on Form S-3 filed October 21, 2024.