Jun. 4 at 1:42 AM
Aeva Technologies announced a proposed
$100 million follow-on public offering of common stock, with underwriters granted a 30-day option to purchase up to an additional
$15 million of shares.
The lidar and sensing technology company said it intends to use the net proceeds for general corporate purposes, including supporting growing commercial opportunities tied to AI infrastructure and Co-Packaged Optics (CPO), as well as rising demand across its existing markets.
Aeva develops perception platforms that combine lidar-on-chip technology, system-on-chip processing, and proprietary perception software built on silicon photonics. Its technology is used in applications ranging from autonomous driving and industrial automation to smart infrastructure, robotics, and consumer devices.
Morgan Stanley, Goldman Sachs, and Oppenheimer are acting as joint book-running managers for the offering. The transaction remains subject to market conditions.
$AEVA $MS $GS $OPY