- Start
- Nov 7, 202590% CONFIDENCEfrom the source
Babcock & Wilcox Raises $67.5 Million in Two-Day Stock Sale
- B&W raised $67.5 million through its at-the-market (ATM) equity offering, including about $50 million from a single fundamental global institutional investor, and announced it on 7 November 2025[1][4].
- The ATM opened on 5 November 2025 and the money came in within two days, so B&W paused further sales, saying it had met its immediate capital objectives[1].
- The program allowed up to $200 million of stock to be sold through B. Riley Securities and Lake Street Capital Markets, at a 3.0% commission[3][5].
- The raise closely followed a Limited Notice to Proceed on a project valued at over $1.5 billion to design and install one gigawatt of power for an AI factory and data centre, and CEO Kenneth Young said it provides "substantial capital to execute on our robust pipeline"[1].
- The pause did not last: by 12 May 2026 B&W had sold 23.1 million shares under the same sales agreement for net proceeds of $137.5 million[2].
References 585% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-it-raised-675-million-through-its-at-the-market-equity-offeringbabcock.com· Posted Sep 23, 2026· Starts Nov 7, 2025 ✓· 40% of score
Stated as done in the release datelined "AKRON, Ohio – November 7, 2025": B&W "announced today it has raised $67.5 million ... through its at-the-market (ATM) offering that opened on November 5, 2025".
- [2]75%Babcock & Wilcox prospectus supplement (424B5), 15 May 2026sec.gov· Published May 15, 2026· 24% of score
Later filing showing the paused ATM was used again: as of 12 May 2026, 23.1 million shares had been sold under the 2025 sales agreement for net proceeds of $137.5 million.[1]
- [3]85%Babcock & Wilcox Form 10-Q for the quarter ended 30 September 2025sec.gov· Published Nov 10, 2025· 12% of score
Confirms the program size (up to $200.0 million, 3.0% agent commission) and that "Through November 7, 2025, we raised $67.5 million through our at-the-market offering".[1]
- [4]90%Babcock & Wilcox Form 8-K (7 November 2025): $67.5 million raised through the ATM offeringsec.gov· Published Nov 7, 2025· 12% of score
B&W's filing: the $67.5 million, including about $50 million from one institutional investor, was raised under its sales agreement with B. Riley Securities and Lake Street Capital Markets.[1]
- [5]85%Babcock & Wilcox prospectus supplement (424B5): up to $200,000,000 of common stocksec.gov· Published Nov 5, 2025· 12% of score
The at-the-market prospectus filed on 5 November 2025, the day the program opened, covering up to $200 million of shares.[1]
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