AMPS - Altus Power announces pricing of secondary offering of Class A stock
- Altus Power ( NYSE: AMPS ) has priced a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone.
- The offering consists of 7M shares being sold by Blackstone at $11.50/share, representing $80.5M of Class A common stock.
- Blackstone granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of Class A common stock on the same terms.
- Altus Power ( AMPS ) will not receive any proceeds from the sale.
- The offering is expected to close on or about Oct 3, 2022.
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Altus Power announces pricing of secondary offering of Class A stock