Ouster shares dropped 6.46% to $56.14 in premarket trading Thursday after the company priced an underwritten public offering of 3.62 million shares at $55.22 per share. All shares are being sold by Ouster, with expected gross proceeds of approximately $200 million before underwriting discounts, commissions, and offering expenses. The underwriter has a 30-day option to purchase an additional 543,281 shares at the same price. The offering is expected to close on or about July 6, 2026, subject to customary conditions, and the company plans to use the net proceeds for working capital and general corporate purposes. Northland Capital Markets is acting as sole bookrunner.
Ouster, Inc. Common StockCompany priced a $200M public stock offering at $55.22/share, diluting existing shareholders.
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