ASP Isotopes Inc. (ASPI), a company specializing in isotopes, announced on Friday the pricing details of its previously declared underwritten public offering. The offering involves 2.395 million shares priced at $6.75 each.
The company plans to allocate the net proceeds from this offering towards general corporate purposes, which include working capital, operating expenses, capital investments, and other related needs.
All shares involved in this public offering, which is scheduled to close on or around November 4, will be sold by ASP Isotopes. The anticipated gross proceeds from this offering are estimated to be approximately $16.2 million.
Additionally, ASP Isotopes has provided the underwriters with a 30-day option to acquire up to an additional 359,250 shares.
On the Nasdaq, ASPI experienced a 16.80% increase in trading, reaching $8.13.
