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Stock impact report

ASPEN AEROGELS, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF 4,250,000 SHARES OF COMMON STOCK

Aspen Aerogels, Inc. (ASPN) 
Last aspen aerogels, inc. earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
NORTHBOROUGH, Mass., Oct. 21, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the pricing of an underwritten public offering of 4,250,000 shares of its common stock at a public offering price of $20.00 per share. In addition, the Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 637,500 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Aspen from this offering are expected to be approximately $85 million, before deducting underwriting discounts and commissions and estimated offering expenses, and excluding any exercise of the underwriters' option to purchase additional shares of common stock. The offering is expected to close on October 23, 2024, subject to customary closing conditions.    Aspen intends to use the net proceeds from the offering for Show less Read more
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