Atlas Energy Solutions (AESI) Commences 10M Share Offering
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Atlas Energy Solutions Announces Commencement of Underwritten Public Offering of Common Stock
January 30, 2025 4:33 PM ESTAUSTIN, Texas--(BUSINESS WIRE)-- Atlas Energy Solutions Inc. (NYSE: AESI) (Atlas or the Company) today announced the commencement of an underwritten public offering (the Offering) of an aggregate of 10,000,000 shares of its common stock, par value $0.01 per share (common stock).
The Company intends to use the net proceeds it receives from the Offering (i) to repay indebtedness, which may include a portion of its secured PIK toggle seller note and outstanding borrowings under its credit facility and term loan credit facility, (ii) to fund a portion of the cash consideration for the Companys previously announced... More
