Deal Details
Bloom Energy Completes $389 Million Follow-On Offering
Summary
Bloom Energy Corporation (“Bloom Energy” or the “Company”) (NYSE: BE), recently completed a follow-on offering of 14,950,000 shares of Class A common stock, including 1,950,000 shares sold pursuant to the underwriters’ overallotment option, at a price of $26.00 per share, generating gross proceeds of $389 million in a primary transaction. 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 outstanding indebtedness.
Baird served as a co-manager on this offering.
About
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. They created the first large-scale, commercially viable solid oxide fuel-cell based platform that empowers businesses and communities to take charge of their future with abundant, clean energy without compromises. Bloom Energy’s technology, invented in the United States, is one of the most advanced electricity and hydrogen producing technologies on the market today. Their fuel-flexible Bloom Energy Servers can use biogas, hydrogen, natural gas, or a blend of fuels to create resilient, sustainable and cost-predictable power at significantly higher efficiencies than traditional, combustion-based resources.CONTACT US TO LEARN MORE
- Date
- August 2022
- Company
- Bloom Energy Corporation
- Transaction
- Equity Capital Markets
- Sectors
-
Technology & Services
Energy - Verticals
-
Energy Transition Solutions
Facility, Industrial, Residential & Environmental Services
Energy
- Target Geography
- North America
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