** Shares of Atlas Energy Solutions AESI.N down 3.1% premarket at $24.25 after overnight follow-on offering priced
** Austin, Texas-based sand/proppant supplier late Thurs sold 11.5 mln shares at $23 for total raise of $264.5 mln
** Offering size increased form 10 mln shares, priced at 8.1% discount to last sale
** Co to use net offering proceeds to fund $220 mln purchase of distributed power provider Moser Energy Systems, which was announced on Mon
** AESI's executive chairman Ben "Bud" Brigham indicated to buy up to $5 mln of offering shares, per the SEC filing
** Goldman Sachs and Piper Sandler are lead bookrunners
** AESI has ~110.2 mln shares outstanding for ~$2.8 bln market cap
** Through Thurs close, shares up ~13% YTD and up ~44% over the past 12 months. Stock touched intraday record high of $26.86 on Tues
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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