Aeva Technologies, Inc. announced the pricing of a public offering of common stock, expecting to raise approximately $94.4 million in net proceeds. The company entered into an underwriting agreement with Morgan Stanley & Co. LLC to sell the shares, with the offering expected to close on June 5, 2026.

Key Details

  • Offering Size: The company is offering 4,494,382 shares of its common stock at a public price of $22.25 per share.
  • Net Proceeds: Aeva expects to receive net proceeds of approximately $94.4 million, or up to $108.7 million if the underwriters exercise their option in full.
  • Underwriters' Option: The underwriters have a 30-day option to purchase up to an additional 674,157 shares at the public offering price.
  • Use of Proceeds: The company plans to use the net proceeds for general corporate purposes.