Everspin Technologies, Inc. today announced the closing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $8.
Ceiling tile is sold in many different materials, sizes and thicknesses and made to fasten directly to ceilings or fit into a grid system called a suspended or drop ceiling. Popular types include cork, tin, plastic and acoustical. Acoustical ceiling tile reduces noise, as it has sound absorbent properties.
Asbestos was common in ceiling tiles, tile adhesives, dry wall, duct wrap, and ceiling texture sprays from the 1940s through the 1990s. One of the most common uses of asbestos ceiling tiles was in âdrop ceilingsâ.