Tetra Technologies Announces Public Offering

By Chris Stiles • Thursday, June 04 15:01 • Permanent Link

Tetra Technologies priced a public offering of 10,810,811 shares of common stock at $9.25 a share, a move that would raise about $100.0 million before expenses if all shares are sold.

The company also gave underwriters a 30-day option to buy up to 1,621,621 additional shares. If that option is fully exercised, Tetra would sell 12,432,432 shares in total and raise about $115.0 million before expenses.

Tetra said it plans to use the net proceeds for general corporate purposes, including funding part of the construction costs of its Arkansas bromine project.

J.P. Morgan is leading the deal, with Jefferies also serving as book-running manager. Berenberg, Johnson Rice & Company, Northland Capital Markets and CJS Securities are serving as co-managers.

The offering is expected to close on June 4, 2026. As a result of these announcements, the company's shares have moved -1.85% on the market, and are now trading at a price of $9.56. For the full picture, make sure to review TETRA TECHNOLOGIES INC's 8-K report.

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