Graham Corp to Raise $50M via Private Placement to T. Rowe Price

Graham Corporation has entered into a Securities Purchase Agreement to sell 599,808 shares of its common stock at a price of $83.36 per share. This private placement (PIPE) will generate aggregate gross proceeds of $50 million for the company. The shares are being sold to certain accounts advised by T. Rowe Price Investment Management, Inc., with the closing expected around April 16, 2026. The company also committed to filing a registration statement for these shares with the SEC.