Ouster to Raise ~$200M by Selling 3.62M Shares at $55.22 Each
OUST•Ouster priced an underwritten public offering of 3,621,876 shares at $55.22 per share, projecting gross proceeds of about $200 million before expenses. The company granted the underwriter a 30-day option to purchase up to 543,281 additional shares at the same price and expects to close by July 6, 2026.
1. Offering Details
Ouster has priced an underwritten public offering of 3,621,876 common shares at a public offering price of $55.22 per share, before underwriting discounts and commissions, expected to generate gross proceeds of approximately $200.0 million.
2. Underwriter Option and Closing Timeline
The company granted the offering’s underwriter a 30-day option to purchase up to 543,281 additional shares at the offering price less discounts and commissions, and intends to close the transaction on or about July 6, 2026, subject to customary closing conditions.
3. Use of Proceeds and Bookrunner
Ouster plans to use net proceeds from the offering for working capital and other general corporate purposes, with Northland Capital Markets acting as the sole bookrunner for the transaction.
