Haynes International, Inc announced a private placement to issue gross proceeds of $170,000,000 on February 5, 2024. The transaction included participation from new investor, Acerinox, S.A .The transaction, has been unanimously approved by the board of directors of both companies, is expected to close in the third calendar quarter of 2024, subject to satisfaction of customary closing conditions, including receipt of regulatory approval and approval by Haynes stockholders. Upon completion of the transaction, Haynes shares will cease trading on the Nasdaq stock exchange
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- Haynes International, Inc. announced that it expects to receive $170 million in funding from Acerinox, S.A.