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.