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TETRA Technologies prices $100 million stock offering

Created at 2 Jun · 8:14 PM5 sources↑ Market-relevant4 events
IN SHORT

TETRA Technologies announced the pricing of an underwritten public offering of 10,810,811 shares of common stock at $9.25 per share. The offering is expected to raise approximately $100 million before expenses. Proceeds will be used for general corporate purposes.

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Key Numbers

10,810,811shares of common stock offered
$9.25price per share
$100 milliontotal offering size
$0.01par value per share

Who's Involved

TETRA Technologies, Inc.
Company announcing pricing of public offering of common stock
U.S. Securities and Exchange Commission
Regulatory body with which the registration statement was filed

↳ Why This Matters

This stock offering will provide TETRA Technologies with additional capital for its general corporate purposes, potentially impacting its financial flexibility and future growth initiatives.

Key facts

  • TETRA Technologies priced an underwritten public offering of common stock.
  • The offering includes 10,810,811 shares of common stock.
  • The price to the public is $9.25 per share.
  • The total offering size is approximately $100 million.
  • Net proceeds will be used for general corporate purposes.

TETRA Technologies, Inc. (NYSE: TTI) announced the pricing of an underwritten public offering of 10,810,811 shares of its common stock, with a par value of $0.01 per share. The offering was priced to the public at $9.25 per share, resulting in total gross proceeds of approximately $100 million, before deducting underwriting discounts and commissions and other offering expenses. The company expects to use the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures, and potential acquisitions or strategic investments. The offering is subject to market conditions and customary closing conditions.

Frequently asked questions

TETRA Technologies announced the pricing of an underwritten public offering of 10,810,811 shares of its common stock at $9.25 per share.

The total value of the stock offering is approximately $100 million before deducting expenses.

The company expects to use the net proceeds for general corporate purposes, including working capital, capital expenditures, and potential acquisitions.

What Happens Next

01The offering is subject to market conditions and customary closing conditions.

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How It Developed

3 Jun · 3:41 AM
TETRA Technologies priced a $100 million stock offering at $9.25 per share to raise capital.
Investing.com via PiQSuite
3 Jun · 1:31 AM
Tetra Technologies Inc. filed an SEC form (424B5) on June 2nd, likely related to its previously announced stock offering.
Investing.com via PiQSuite
2 Jun · 8:21 PM
TETRA Technologies' stock declined following the announcement of its $100 million public stock offering.
Seeking Alpha via PiQSuite
2 Jun · 8:05 PM
TETRA Technologies, Inc. announced a public offering of $100 million of its common stock.
PRN | All News Releases via PiQSuite

Sources

T1
TETRA TECHNOLOGIES, INC. ANNOUNCES PUBLIC OFFERING OF COMMON STOCKm.piqsuite.com
T1
TETRA Technologies slides after launching $100M public stock offeringm.piqsuite.com
T1
Form 424B5 Tetra Technologies Inc For: 2 Junem.piqsuite.com
T1
TETRA Technologies, Inc. Announces Pricing of Public Offering of Common Stockm.piqsuite.com
T1
TETRA Technologies prices $100M stock offering at $9.25m.piqsuite.com

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