Babcock & Wilcox Closes $230 Million Stock Offering
1200, East Market Street, East End, Goodyear Heights, Akron, Summit County, Ohio, 44305, United States
Babcock & Wilcox…
CONFIRMED87% CONFIDENCEStated as done in the release datelined "AKRON, Ohio – May 18, 2026", which "announced today the closing of its previously announced underwritten public offering"; the 8-K says "The Offering was consummated on May 18, 2026."[1]
B&W sold 12.4 million new shares at $18.50 each, raising about $230 million with the underwriters' extra shares, and Applied Digital bought about 540,500 of them. The money is meant to expand steam turbine and boiler production for AI data centre power plants.
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