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Graham sells 5% stake in $50 million private placement to T. Rowe Price accounts

PUBT · 2d ago

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Graham sells 5% stake in $50 million private placement to T. Rowe Price accounts

Graham agreed to sell USD 50 million of common stock in an unregistered private placement to accounts advised by T. Rowe Price.
T. Rowe Price accounts will buy 599,808 shares, equal to 5% of outstanding stock, at USD 83.36 per share based on 20-day average closing price as of April 13, 2026.
Closing expected April 16, 2026, subject to customary conditions.
Proceeds earmarked for debt repayment, balance sheet strengthening, funding organic and inorganic growth.
Graham plans to file resale registration statement with SEC within 30 days.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Graham Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202604150730BIZWIRE_USPR_____20260415_BW911553) on April 15, 2026, and is solely responsible for the information contained therein.

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