Aeva Technologies, Inc. Announces Closing of Follow-On Offering of $115 Million with Full Exercise of the Underwriters’ Option to Purchase Additional Shares
Aeva Technologies, Inc. (“Aeva” or the “Company”, Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced the closing of its follow-on public offering with gross proceeds of $115.0 million, before underwriting discounts and commissions and estimated offering expenses. The company sold 5,168,539 shares of its common stock at a price to the public of $22.25 per share, which include 674,157 shares of common stock issued upon exercise in full by the underwriters of their option to purchase additional shares at the public offering price, less the underwriting discounts and commissions. The Company expects to use the net proceeds from the offering for general corporate purposes, including to meet the accelerating commercial interest in AI infrastructure and Co-Packaged Optics (CPO) in addition to the growing demand for existing applications.
Morgan Stanley, Goldman Sachs & Co. LLC and Oppenheimer & Co. acted as book-running managers for the offering.
The securities described above were offered pursuant to an automatically effective shelf registration statement on Form S-3 that was filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 3, 2026. The final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and may be obtained by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email to: prospectus@morganstanley.com, Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by email to: prospectus-ny@ny.email.gs.com or Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, telephone: 212-667-8055, or by email to: EquityProspectus@opco.com.
