The Franklin-based behavioral health services provider offered 8.3 million shares of common stock. It plans to use the proceeds to fund acquisitions and for general corporate purposes such as repaying debt.
In addition to the 8.3 million shares, underwriters of the offering were granted a 30-day option to purchase up to an additional 1.25 million Acadia shares to cover any over-allotments.
Acadia’s stock was up 11.44 percent, or 86 cents per share, to $8.38 in early trading on the Nasdaq market.
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