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Benzinga
Benzinga
Business
Adam Eckert

Why Aspen Aerogels Stock Spiked Today

Aspen Aerogels Aspen ASPN NYSE

Aspen Aerogels Inc (NYSE:ASPN) shares are trading higher Thursday after the company announced it decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 due to market conditions.

"The decision not to proceed with the concurrent offerings results from an assessment by the Company that current market conditions are not conducive for the offerings on terms that would be in the best interests of Aspen's shareholders," the company said.

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