FLNC - Fluence Announces Secondary Offering of Class A Common Stock by Existing Controlling Stockholders | Benzinga
ARLINGTON, Va., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ:FLNC), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, announced today the commencement of an underwritten public offering of an aggregate of 18,000,000 shares of its Class A common stock by certain controlling stockholders of Fluence. Fluence is not selling any of its shares of Class A common stock in the offering and will not receive any of the proceeds from the sale of shares by the existing stockholders.
J.P. Morgan Securities LLC, Barclays Capital Inc. and Morgan Stanley are acting as joint book-running managers for the offering. The underwriters may offer the shares of Class A common stock from time to time for sale in one or more transactions on the Nasdaq, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
An automatic shelf registration statement on Form S-3 relating to the offering was filed by Fluence with the U.S. Securities and Exchange Commission (the "SEC") on August 11, 2023 and automatically became effective upon filing. The offering will be made only by means of a prospectus supplement and accompanying prospectus. When available, 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: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island ...