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.
Also called suspended, drop down or dropped ceilings, drop ceilings are installed just below a primary ceiling to hide wiring, pipes, ductwork, cracks, water damage or other unsightly problems.hopping for a drop ceiling: 1  Most often drop ceilings are installed during a basement remodel, to give the room a finished look while still providing relatively easy access to ductwork, pipes or wiring under the tiles.