04:18 PM EDT, 06/05/2026 (MT Newswires) -- Aeva Technologies ( AEVA ) closed its previously announced follow-on public offering, raising gross proceeds of about $115 million after underwriters fully exercised their option to purchase additional shares, the company said late Friday.

The company sold about 5.17 million shares at $22.25 each, including about 674,157 shares issued upon the underwriters' full exercise of the option.

Aeva ( AEVA ) said it plans to use the net proceeds for general corporate purposes, including supporting accelerating commercial interest in artificial intelligence infrastructure and co-packaged optics, as well as demand for existing applications.