Everspin Technologies, Inc. today announced the closing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $8.
Ceiling tile is sold in many different materials, sizes and thicknesses and made to fasten directly to ceilings or fit into a grid system called a suspended or drop ceiling. Popular types include cork, tin, plastic and acoustical. Acoustical ceiling tile reduces noise, as it has sound absorbent properties.
Commonly known as dropped ceilings, these hang below an existing flat ceiling. Ordinarily, lightweight acoustic panels are laid into a metal grid to create the ceiling. Dropped ceilings are multipurpose and convenient as they hide wiring, plumbing and mechanical fixtures.