Bloom Energy Corporation Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
August 19 2022 - 11:57AM
Business Wire
Bloom Energy Corporation (NYSE: BE) today announced the closing
of an underwritten public offering of 14,950,000 shares of Class A
common stock at a public offering price of $26.00 per share, before
underwriting discounts and commissions. The shares of Class A
common stock issued and sold in the offering include 1,950,000
shares issued upon the exercise in full by the underwriters of
their option to purchase additional shares of Class A 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, were $388.7 million. All shares in the
offering were offered by Bloom Energy.
J.P. Morgan, Morgan Stanley and BofA Securities acted 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 acted 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 was made solely by means of a prospectus. A copy of
the final prospectus supplement and the accompanying prospectus
relating to this offering 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 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220819005315/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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