Mirion Technologies (NYSE: MIR) saw its stock price surge by almost 11% on Friday, outpacing the S&P 500 index. The company priced a secondary stock issue, selling over 17.3 million shares at $21.35 each, raising nearly $370 million. Additionally, Mirion upsized a convertible notes issue to $325 million, with no interest and a maturity date in 2031. The funds raised will help finance the acquisition of Paragon Energy Solutions for $585 million in cash. Investors are impressed with Mirion’s capital-raising efforts and the speed of its acquisitions.

Read more at Nasdaq: Why Mirion Technologies Stock Blasted Nearly 11% Higher Today