Ouster, Inc. announced the completion of an underwritten public offering of its common stock, resulting in significant capital infusion for the company. The offering was conducted through an underwriting agreement with Northland Securities, Inc.
Key Details
- Net Proceeds: The company received approximately $191.9 million in net proceeds after deducting underwriting discounts and commissions.
- Offering Terms: Ouster issued and sold 3,621,876 shares of its common stock at a public offering price of $55.22 per share. The sale was completed on July 6, 2026.
- Over-Allotment Option: The underwriter has a 30-day option to purchase up to an additional 543,281 shares to cover potential over-allotments.
- Lock-up Agreement: Company directors and executive officers have agreed to a 60-day lock-up period, effective July 2, 2026, restricting the sale of their shares.