Co-Manager
Atlas Energy Solutions Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On March 8, 2023, Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas”) announced the pricing of its initial public offering of 18,000,000 shares of its Class A common stock at a price to the public of $18.00 per share
- Atlas also granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its Class A common stock
- Atlas Class A shares are expected to begin trading on the New York Stock Exchange on March 9, 2023 under the ticker symbol “AESI"
- Atlas intends to use the net proceeds from the offering to fund the construction of the Dune Express conveyor system and the remainder to fund general corporate purposes
About the company
Atlas Energy Solutions Inc.
Atlas acts as a leading provider of proppant and logistics services to customers engaged in the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active basin in North America. Atlas’ core mission and key focus is to maximize value for its stockholders by generating strong cash flow and allocating capital resources efficiently, including providing a regular and durable return of capital to investors through industry cycles. In pursuit of this mission, Atlas deploys innovative techniques and technologies to develop their high-quality resource base and efficient delivery of their products to customers through leading-edge solutions.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1910950/000119312523052650/d292890ds1a.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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