ASPN - Aspen Aerogels soars ~56% following its decision to not advance with stock and debt offering
- Aspen Aerogels ( NYSE: ASPN ) stocks surged 56.1% after-hours on Wednesday after the firm has decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 previously announced on June 28, 2022 .
- In wake of an assessment by the company that current market conditions are not conducive for the offerings and in the best interests of Aspen's shareholders, it has decided not to proceed with the concurrent offerings.
- As a result of this decision, no shares of common stock or notes will be sold pursuant to the concurrent offerings.
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Aspen Aerogels soars ~56% following its decision to not advance with stock and debt offering