Aeva Technologies Shares Slide After Announcement of $100 Million Follow-On Offering
Aeva Technologies Inc. announced a proposed $100 million follow-on offering of common stock, triggering an 11.1% decline in the company’s shares in after-hours trading. The company said underwriters may exercise a 30-day option to purchase up to an additional $15 million of shares. Proceeds are intended for general corporate purposes, including add…