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Update: Aeva Technologies Shares Fall After Pricing Offering of 4.5 Million Shares at $22.25 Each

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(Updates with the latest stock move in the headline and the first paragraph.)

Aeva Technologies (AEVA) shares were slightly lower in Thursday afternoon trading after the company priced a follow-on public offering of about 4.5 million common shares at $22.25 per share.

Underwriters have been granted a 30-day option to purchase up to an additional 674,157 shares.

Net proceeds from the offering, expected to close Friday, will be used for general corporate purposes, including supporting demand related to artificial intelligence infrastructure, the company said.

Price: $25.15, Change: $-0.16, Percent Change: -0.63%

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