🔴 Aeva Technologies, Inc. is trading 12.0% down today after pricing $100M follow-on offering at a discount

Aeva Technologies, Inc. is trading 12.0% down now at $22.27 after the company priced a $100 million follow-on public offering at a discount to recent trading levels.

• The offering is priced at $22.25 per share, with an additional 30-day option for underwriters to purchase more shares.
• Shares are under pressure as the market digests the dilutive impact of the new equity issuance.
• The $100 million capital raise was priced below the stock's prior closing levels, triggering the downward move.