Bloom Energy Corporation Announces Commencement of Public Offering of Class A Common Stock
August 15 2022 - 5:07PM
Business Wire
Bloom Energy Corporation (NYSE: BE) today announced that it has
commenced an underwritten public offering of 13,000,000 shares of
its Class A common stock. All of the shares of the Class A common
stock are being offered by Bloom Energy. In addition, Bloom Energy
intends to grant the underwriters a 30-day option to purchase up to
an additional 1,950,000 shares of Class A common stock. The
offering is subject to market and other conditions, and there can
be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
J.P. Morgan, Morgan Stanley and BofA Securities are acting as
joint book-running managers for the proposed offering.
A shelf registration statement relating to these securities was
filed with the U.S. Securities and Exchange Commission on October
25, 2021, and automatically became effective upon filing. This
offering is being made solely by means of a prospectus. A copy of
the preliminary prospectus supplement and the accompanying
prospectus relating to this offering, when available, may be
obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by telephone at +1 (866) 803-9204 or by email at
prospectus-eq_fi@jpmorganchase.com; Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014; or BofA Securities, Attn: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001 or by email at dg.prospectus_requests@bofa.com.
Bloom Energy intends to use the net proceeds from this offering
for general corporate purposes, including research and development
and sales and marketing activities, general and administrative
matters and capital expenditures, and which may include the
repayment of some or all of our outstanding indebtedness.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. Bloom Energy’s solid oxide
platform for distributed generation of electricity and hydrogen
delivers highly reliable and resilient, always-on electric power
that is clean, fuel flexible, cost-effective and ideal for
microgrid applications. Bloom Energy’s solid oxide platform can
also be used to produce zero carbon hydrogen. Bloom’s customers
include many Fortune 100 companies and leaders in manufacturing,
data centers, healthcare, retail, higher education, utilities and
other industries.
Forward-Looking Statements
This press release includes forward-looking statements,
including statements regarding the completion, timing and size of
the proposed offering and the intended use of the proceeds.
Forward-looking statements represent Bloom Energy’s current
expectations regarding future events and are subject to known and
unknown risks and uncertainties that could cause actual results to
differ materially from those implied by the forward-looking
statements. Among those risks and uncertainties are market
conditions, including the trading price and volatility of Bloom
Energy’s Class A common stock and risks relating to Bloom Energy’s
business and, if the offering is priced, risks related to the
satisfaction of closing conditions in the underwriting agreement
related to the offering. Bloom Energy may not consummate the
proposed offering described in this press release and, if the
proposed offering is consummated, cannot provide any assurances
regarding the final terms of the offer. The forward-looking
statements included in this press release speak only as of the date
of this press release, and Bloom Energy does not undertake to
update the statements included in this press release for subsequent
developments, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220815005701/en/
Bloom Energy Investor Relations: Ed Vallejo +1 (267)
370-9717 edward.vallejo@bloomenergy.com
Bloom Energy Media Contact: Jennifer Duffourg +1 (480)
341-5464 jennifer.duffourg@bloomenergy.com
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