Business
REalloys Announces Closing of Upsized $50 Million Public Offering
BOCA RATON, Fla., March 09, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (NASDAQ: ALOY) (the “Company” or “REalloys”), a U.S.-based mine-to-magnet rare earth
About this update from Realloys Inc.
[{"type":"text","content":"BOCA RATON, Fla., March 09, 2026 (GLOBE NEWSWIRE) -- REalloys Inc. (NASDAQ: ALOY) (the “Company” or “REalloys”), a U.S.-based mine-to-magnet rare earth company, today announced the closing of its previously announced underwritten public offering of 2,702,702 shares of its common stock at a public offering price of $18.50 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 396,963 shares of common stock. Clear Street acted as lead book-running manager for the offering. Needham & Company acted as joint book-running manager for the offering. Laidlaw & Company (UK) Ltd. and Muriel Siebert & Co., LLC acted as co-managers for the offering. Cantor acted as capital markets advisor to the Company in connection with the offering. The gross proceeds from the offering to the Company were approximately $50 million, before deducting underwriting discounts and other offering expenses and excluding any exercise of the underwriters’ option to purchase additional shares. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.The securities described above were offered by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-284626) previously filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on February 10, 2025. The offering was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective shelf registration statement. A preliminary prospectus supplement relating to and describing the terms of the offering was filed on March 5, 2026. A final prospectus supplement and accompanying prospectus relating to the securities being offered was filed on March 6, 2026. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, you may contact Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at [email protected], or Needham & Company, 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, [email protected] or by telephone at (800) 903-3268. This press release shall not constitute an offer to sell or the solicitation of any offer to buy the...