Bloom Energy Corporation Announces Pricing of $338.0 Million Public Offering of Class A Common Stock
August 16 2022 - 11:32PM
Business Wire
Bloom Energy Corporation (NYSE: BE) today announced the pricing
of its underwritten public offering of 13,000,000 shares of Class A
common stock at a public offering price of $26.00 per share, before
underwriting discounts and commissions. All of the shares of common
stock are being offered by Bloom Energy. In addition, Bloom Energy
has granted the underwriters a 30-day option to purchase up to an
additional 1,950,000 shares of common stock at the public offering
price, less underwriting discounts and commissions. The gross
proceeds from the offering, before deducting underwriting discounts
and commissions and other offering expenses payable by Bloom
Energy, are expected to be $338.0 million, excluding any exercise
of the underwriters’ option to purchase additional shares. The
offering is expected to close on August 19, 2022, subject to
customary closing conditions.
J.P. Morgan, Morgan Stanley and BofA Securities are acting as
joint book-running managers for the offering. Baird, Cowen, Credit
Suisse, KeyBanc Capital Markets, Oppenheimer & Co., Wells Fargo
Securities, Raymond James and Tuohy Brothers are acting as
co-managers for the offering.
A shelf registration statement relating to these securities was
filed with the U.S. Securities and Exchange Commission (SEC) 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 final prospectus supplement and the accompanying prospectus
relating to this offering, when available, may be obtained for free
by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, a copy of the final 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 and timing of closing
of the 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 the satisfaction of closing conditions in the
underwriting agreement related to the offering. 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/20220816005941/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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