BUZZ-ASP Isotopes falls on planned stock offering amid nuclear deal with Gates-backed TerraPower

Reuters11-01

Oct 31 - * ASP Isotopes' shares fall ~11.6% to $6.19 in extended trading as advanced materials firm looks to raise equity ** Washington, D.C.-based firm commences stock offering without disclosing deal size ** Early Weds, Bill Gates-backed reactor co TerraPower and ASPI struck a deal to produce nuclear fuel currently only made in commercial amounts in Russia

** Shares on Weds jumped 20%, and added 1.3% on Thurs for record high close of $6.99

** ASPI has 68.4 mln shares outstanding, and ~43 mln shares of public float, per LSEG ** Co plans to use net offering proceeds for working capital, opex and capex, including accelerating construction of enrichment facilities in South Africa and Iceland, per the

** YTD, shares have nearly quadrupled

** Canaccord Genuity sole bookrunner for offering

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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