Graham Corporation Sells $50 Million Shares to T. Rowe Price
Graham Corporation (GHM) announced the Company has agreed to sell $50 million of shares of common stock to certain accounts advised by T. Rowe Price (TROW) Investment Management, a global investment management organization. T. Rowe Price accounts will acquire 599,808 shares of Graham common stock at $83.36 per share, based upon the 20-day average closing price of the company's common stock on the New York Stock Exchange on April 13, 2026. The transaction is expected to close on April 16, 2026, subject to customary closing conditions. Graham intends to use proceeds from the stock sale to further strengthen the Company's balance sheet and financial flexibility through debt repayment and help fund future investment in organic and inorganic growth opportunities.
