BUZZ-Atlas Energy slips after acqusition-related equity offering

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