TETRA announces $100M common stock offering, Arkansas Bromine Project approved with $220M remaining capex

TETRA TECHNOLOGIES INC

Public offering of $100M common stock; underwriters granted 30-day option for additional $15M.
Net proceeds to fund general corporate purposes, including Arkansas bromine project.
Board approved final investment decision for Arkansas Bromine Project (subject to financing); $49M invested, $220M remaining capex.
Plant expected operational early 2028 with 75M lbs/yr elemental bromine capacity; mechanical completion end 2026, Phase 3 end 2027.
TETRA formed JV with Magrathea Metals for domestic magnesium production using proprietary electrolytic technology.

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