Global Finance News
16 Jul 2025, 09:35
AeroVironment Closes Full Over-Allotment Option in Recent Stock Offering, Raises $126.3 Million Net
AeroVironment, Inc. (NASDAQ: AVAV) announced that it has completed the sale of 529,234 additional shares of its common stock pursuant to the underwriters' full exercise of the over-allotment option tied to its previously disclosed public offering.
• The additional shares were sold at $248.00 per share, consistent with the initial offering price.
• Gross proceeds from the over-allotment amounted to $131.3 million, with net proceeds of approximately $126.3 million after underwriting discounts and offering expenses.
The original offering of 3,528,226 shares was completed on July 3, 2025, bringing the total number of shares sold to 4,057,460 and boosting the company’s available capital for strategic initiatives, operations, or potential acquisitions.
AeroVironment, Inc. (NASDAQ: AVAV) announced that it has completed the sale of 529,234 additional shares of its common stock pursuant to the underwriters' full exercise of the over-allotment option tied to its previously disclosed public offering.
• The additional shares were sold at $248.00 per share, consistent with the initial offering price.
• Gross proceeds from the over-allotment amounted to $131.3 million, with net proceeds of approximately $126.3 million after underwriting discounts and offering expenses.
The original offering of 3,528,226 shares was completed on July 3, 2025, bringing the total number of shares sold to 4,057,460 and boosting the company’s available capital for strategic initiatives, operations, or potential acquisitions.