Aeva Technologies, Inc. announced a proposed follow-on public offering of $100 million in common stock. The company plans to grant underwriters a 30-day option for an additional $15 million in shares. This offering remains subject to market and other conditions.
Aeva will use the net proceeds for general corporate purposes. The funds will support commercial interest in AI infrastructure and Co-Packaged Optics (CPO). Capital will also help meet demand for existing applications.
Morgan Stanley, Goldman Sachs & Co. LLC, and Oppenheimer & Co. are serving as book-running managers.