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.
Installing a drop ceiling can not only be a cost-effective construction option but also affords many other features not available with drywall. To install a drop ceiling, a metal frame is used to hold up ceiling tiles normally made of a cardboard-type material.