Aspen Aerogels (ASPN) Announces $75M Private Placement at $21.66/sh
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Aspen Aerogels, Inc. Announces $75 Million Private Placement with Koch Strategic Platforms
June 29, 2021 6:02 PM EDTNORTHBOROUGH, Mass., June 29, 2021 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen") today announced that it had entered into a definitive securities purchase agreement to sell $75 million of common stock to an affiliate of Koch Strategic Platforms ("KSP"). As part of the agreement, Aspen has agreed to issue 3,462,124 shares of its common stock to KSP at a price of $21.663 per share. Subject to the satisfaction of customary conditions set forth in the securities purchase agreement, the private placement of shares is expected to close on June 30, 2021.
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