REalloys Inc. entered into a securities purchase agreement with institutional investors for a private placement to raise approximately $100 million in gross proceeds. The company will issue and sell an aggregate of approximately 7,017,540 shares of its common stock at a price of $14.25 per share.
Key Details
- Transaction Details: The company will sell approximately 7,017,540 shares of common stock at $14.25 per share, raising aggregate gross proceeds of approximately $100 million.
- Timeline: The agreement was signed on June 24, 2026, with the closing expected to occur on or about June 26, 2026.
- Use of Proceeds: Net proceeds from the offering are intended for general corporate and working capital purposes.
- Associated Agreements: In connection with the offering, the company entered into a Registration Rights Agreement to file a resale registration statement for the shares sold. Additionally, the company's officers and directors entered into lock-up agreements.