08:50 AM EDT, 07/12/2024 (MT Newswires) -- ASP Isotopes ( ASPI ) said Friday that it priced an underwritten public offering of 12 million shares at $2.50 per share for gross proceeds of about $30 million.

The development stage advanced materials company said it granted underwriters a 30-day option to buy up to 1.8 million additional shares at the offering price, less the underwriting discounts and commissions.

The offering is expected to close around Monday.

ASP Isotopes ( ASPI ) shares were down more than 20% in recent Friday premarket activity.

Price: 2.8300, Change: -0.73, Percent Change: -20.51