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REalloys Announces Proposed Public Offering of Common Stock

ALOY
  • REalloys Inc. (NASDAQ: ALOY) announced an underwritten public offering of its common stock with a 30-day option for underwriters to purchase additional shares.
  • Clear Street serves as the lead book-running manager & Needham & Company acts as the joint book-running manager for the offering.
  • The company intends to use net proceeds from the offering for working capital & general corporate purposes.
  • The offering will be conducted via a prospectus supplement under the effective Form S-3 shelf registration statement (File No. 333-284626) filed with the SEC.
  • REalloys operates a mine-to-magnet supply chain featuring the Hoidas Lake asset in Saskatchewan & a manufacturing facility in Euclid, Ohio.
  • The Ohio facility produces heavy rare earth metals, alloys, & magnet components for defense, clean-energy, & high-performance industrial applications.