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.
Tiles can be installed directly to a drywall, plaster or popcorn ceiling by one of two methods: wood furring strips or ceiling tile adhesive. Homeowners looking to level an uneven ceiling are encouraged to use wood furring strips of either 1â x 3â or 1â x 4â in size.