Corporate ActionJun 4, 2026, 05:26 PM
Aeva Technologies Prices $100M Follow-On Offering at $22.25/Share
AI Summary
Aeva Technologies, Inc. announced the pricing of its follow-on public offering of 4,494,382 shares of common stock at $22.25 per share. The company expects to receive approximately $94.4 million in net proceeds, with an option for underwriters to purchase additional shares. These proceeds will be used for general corporate purposes, supporting growth in AI infrastructure and Co-Packaged Optics. The offering is slated to close on June 5, 2026.
Key Highlights
- Aeva Technologies priced a follow-on offering of 4,494,382 shares of common stock at $22.25 per share.
- The offering is expected to generate approximately $94.4 million in net proceeds for Aeva.
- An option for underwriters to purchase an additional 674,157 shares at the same price is available.
- Net proceeds will be used for general corporate purposes, including AI infrastructure and Co-Packaged Optics.
- The offering is expected to close on June 5, 2026, subject to customary closing conditions.
Price Impact
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