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Ampco-Pittsburgh Corporation Explores Financing Alternatives

PUBLIC · APMar 30, 2022

Round Type

Funding Round

CarnegieManufacturingNatural Resources

Description

Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) announced today that it is exploring the possibility of obtaining incremental capital. The Corporation is considering, among other alternatives for equity financing, amending its outstanding Series A warrants to adjust either, or both of, the exercise price or the number of shares of the Corporation’s common stock for which such Series A warrants may be exercised. Ampco-Pittsburgh intends to test the waters to evaluate potential forms of financing to help fund working capital growth opportunities, address rising inflation and work to complete its capital expenditure modernization program.

Quick answer

Ampco-Pittsburgh raised an undisclosed amount in a Funding Round round, dated March 30, 2022. Ampco-Pittsburgh is based in Carnegie, Pennsylvania, United States.

How much did Ampco-Pittsburgh raise?
Ampco-Pittsburgh raised an undisclosed amount in a Funding Round round on March 30, 2022.
What does Ampco-Pittsburgh do?
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world.
Where is Ampco-Pittsburgh based and how big is it?
Ampco-Pittsburgh is based in Carnegie, Pennsylvania, United States.
Who are the decision-makers at Ampco-Pittsburgh?
Fundz holds 2 contacts at Ampco-Pittsburgh, including the Chief Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Resources and Manufacturing around the same time

Companies in the same sectors as Ampco-Pittsburgh that raised within 45 days of this round, from Fundz verified event records.

  • South 8 Technologies raised $12M (Funding Round) on April 26, 2022.
  • AZZ raised an undisclosed amount (Funding Round) on April 25, 2022.
  • Hadrian raised $37M on April 15, 2022.
  • LG Energy Solution Ltd raised $1.4B on March 24, 2022.
  • Dana Holding raised $200M (Funding Round) on March 2, 2022.
  • Commercial Metals raised an undisclosed amount (Funding Round) on February 22, 2022.

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Company Information

Company

Ampco-Pittsburgh

Location

Carnegie, Pennsylvania, United States

About

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

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Related People

2 contacts
Verified contactsBrett M., Chief Executive Officer hidden hidden hiddenSee plans and pricing
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Ampco-Pittsburgh raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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