ASP Isotopes Inc. (ASPI), a company focused on isotopes, on Friday announced the pricing of the previously announced underwritten public offering of 2.395 million shares at $6.75 per share.
The company currently intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, and others.
All of the shares in the public offering, to be closed on or about November 4, are to be sold by ASP Isotopes.
The gross proceeds to ASP Isotopes from the offering are expected to be around $16.2 million.
The company has granted the underwriters a 30-day option to purchase up to 359,250 additional shares.
ASPI was trading up by 16.80 percent at $8.13 on the Nasdaq.
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