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.
The type of ceiling tile can affect your cost. A basic white acoustic tile with pebbling will be on the lower end of the scale. This will most likely be a simple mineral fiber with minimal fire spread ratings. However, there are other types of tile.