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Stock impact report

Aspen Aerogels, Inc. Announces Pricing of Public Offering 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., Feb. 13, 2020 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced the pricing of an underwritten public offering of 1,700,000 shares of its common stock, at a purchase price to the public of $8.25 per share. In addition, in connection with the offering, Aspen has granted the underwriter a 30-day option to purchase up to an additional 255,000 shares of common stock solely to cover over-allotments, if any. The gross proceeds to Aspen from this offering are expected to be approximately $14.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Aspen, but excluding any exercise of the underwriter's option to purchase additional shares of common stock. The offering is expected to close on or about February 18, 2020, subject to customary closing conditions.All of the securities in the offering are being sold by Aspen. Aspen intends to use the net proceeds from the offering for working capital Show less Read more
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