The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Feb. 27, 2:37 PM

Slide #17. Aspen Aerogels, Inc. Secondary Offering

Company: Aspen Aerogels, Inc. (NYSE:ASPN)
Date announced: 2/12/2020
Shares Offered: 1,700,000
Date of Pricing: 2/12/2020
Price Per Share: $8.25
Secondary Offering Details: Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Aspen also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the offering solely to cover over-allotments, if any. All of the securities in the proposed offering are to be sold by Aspen. -updated 2/12- 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.

Aspen Aerogels is an aerogel technology company that designs, develops and manufactures aerogel insulation used primarily in the energy infrastructure and building materials markets. Co. also conducts research and development related to aerogel technology. Co.'s product lines include: Pyrogel XT-E, which is designed for use in refineries and petrochemical facilities; Pyrogel XTF, which is designed to provide protection against fire; Cryogel Z, which is designed for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea, which is designed for use in pipe-in-pipe applications in offshore oil production.
Open the ASPN Page at The Online Investor »

Company Name: 
Aspen Aerogels Inc
Construction Materials & Machinery
Number of ETFs Holding ASPN: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the ASPN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Strong Buy (4.00 out of 4)
98th percentile
(ranked higher than approx. 98% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings Page |

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.