Archaea Energy Inc. Announces Secondary Offering of Class A Common Stock by Selling Stockholder
March 22 2022 - 4:07PM
Business Wire
Archaea Energy Inc. (the “Company”) (NYSE: LFG) today announced
the commencement of an underwritten public offering of 12,993,603
shares of the Company’s Class A common stock (the “Offering”) by an
existing stockholder of the Company, Aria Renewable Energy Systems
LLC (the “Selling Stockholder”). The Selling Stockholder intends to
grant the underwriters a 30-day option to purchase up to an
additional 1,949,040 shares of the Company’s Class A common stock.
The Offering consists entirely of shares of Class A common stock to
be sold by the Selling Stockholder, and the Company will not
receive any proceeds from the sale of the shares being offered by
the Selling Stockholder.
Barclays and Jefferies are acting as joint book-running managers
for the Offering.
The Company has filed a registration statement on Form S-1
(Registration No. 333-260094) (including a base prospectus), which
has been declared effective by the Securities and Exchange
Commission (“SEC”). The Company has also filed a preliminary
prospectus supplement with the SEC for the Offering. The Offering
will be made only by means of a prospectus supplement and an
accompanying prospectus. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
copies of the preliminary prospectus supplement and accompanying
prospectus, as well as copies of the final prospectus supplement
once available, may be obtained by contacting: Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at
Barclaysprospectus@broadridge.com, or Jefferies LLC, Attention:
Equity Syndicate Prospectus Department, 520 Madison Avenue, New
York, New York 10022, by telephone at (877) 821-7388 or by email at
prospectus_department@jefferies.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
ABOUT ARCHAEA
Archaea Energy Inc. is one of the largest RNG producers in the
U.S., with an industry-leading platform and expertise in
developing, constructing, and operating RNG facilities to capture
waste emissions and convert them into low carbon fuel. Archaea’s
innovative, technology-driven approach is backed by significant gas
processing expertise, enabling Archaea to deliver RNG projects that
are expected to have higher uptime and efficiency, faster project
timelines, and lower development costs. Archaea partners with
landfill and farm owners to help them transform potential sources
of emissions into RNG, transforming their facilities into renewable
energy centers. Archaea’s differentiated commercial strategy is
focused on long-term contracts that provide commercial partners a
reliable, non-intermittent, sustainable decarbonizing solution to
displace fossil fuels.
FORWARD-LOOKING STATEMENTS
This press release contains certain statements that may include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements that do not
relate strictly to historical or current facts are forward-looking
and usually identified by the use of words such as “anticipate,”
“estimate,” “could,” “would,” “should,” “will,” “may,” “forecast,”
“approximate,” “expect,” “project,” “intend,” “plan,” “believe” and
other similar words. Statements regarding the Offering, including
the size thereof, are forward-looking statements and are subject to
known and unknown risks and uncertainties that may cause actual
results to differ materially from those expressed in such
forward-looking statements. These risks and uncertainties include,
but are not limited to, general market conditions and the ability
to satisfy customary closing conditions related to the Offering.
Other risks and uncertainties relating to the Company are described
under Part I, Item 1A, “Risk Factors,” and elsewhere in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2021 and other documents filed or to be filed with the SEC by
the Company. In addition, the Company may be subject to currently
unforeseen risks that may have a materially adverse impact on it.
Forward-looking statements are based on current expectations,
estimates, projections, targets, opinions and/or beliefs of the
Company, and any forward-looking statement speaks only as of the
date on which such statement is made. The Company does not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
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ARCHAEA Megan Light mlight@archaea.energy 346-439-7589
Blake Schreiber bschreiber@archaea.energy 346-440-1627
Archaea Energy (NYSE:LFG)
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