🟢 Tetra Technologies Inc is trading 10.8% up today on completion of its $100M equity offering

Tetra Technologies Inc is trading at $11.50 (10.8%) up today after the company announced the completion of its previously disclosed equity offering.

• The company completed a $100 million follow-on equity offering, selling 10,810,811 common shares at a price of $9.25 each.
• Proceeds from the offering are intended to fund the company's Evergreen bromine production facility in Arkansas, a key strategic growth project for Tetra.
• The successful capital raise appears to have bolstered investor confidence, removing financing uncertainty and leading to a significant rally in the shares.