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Atlas Energy Solutions Inc.

Atlas Energy Solutions Inc.

Transaction Details

  • On March 8, 2023, Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas”) announced the pricing of its initial public offering of 18,000,000 shares of its Class A common stock at a price to the public of $18.00 per share
  • Atlas also granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its Class A common stock
  • Atlas Class A shares are expected to begin trading on the New York Stock Exchange on March 9, 2023 under the ticker symbol “AESI”
  • Atlas intends to use the net proceeds from the offering to fund the construction of the Dune Express conveyor system and the remainder to fund general corporate purposes

About the company

Atlas Energy Solutions Inc.

Atlas acts as a leading provider of proppant and logistics services to customers engaged in the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active basin in North America. Atlas’ core mission and key focus is to maximize value for its stockholders by generating strong cash flow and allocating capital resources efficiently, including providing a regular and durable return of capital to investors through industry cycles. In pursuit of this mission, Atlas deploys innovative techniques and technologies to develop their high-quality resource base and efficient delivery of their products to customers through leading-edge solutions.