Aeva Technologies (AEVA) closed its previously announced follow-on public offering, raising gross proceeds of about $115 million after underwriters fully exercised their option to purchase additional shares, the company said late Friday.

The company sold about 5.17 million shares at $22.25 each, including about 674,157 shares issued upon the underwriters' full exercise of the option.

Aeva said it plans to use the net proceeds for general corporate purposes, including supporting accelerating commercial interest in artificial intelligence infrastructure and co-packaged optics, as well as demand for existing applications.