other material
confidence high
sentiment neutral
materiality 0.60
SolarEdge closes $678.5M common stock offering of 2.3M shares at $295/share
SOLAREDGE TECHNOLOGIES, INC.
- Offered and sold 2,300,000 shares of common stock at $295.00 per share, gross proceeds $678.5M.
- Underwriters exercised in full their option for an additional 300,000 shares.
- Net proceeds to be used for general corporate purposes, which may include acquisitions; no current commitments.
- Joint book-running managers: Goldman Sachs, J.P. Morgan, and Morgan Stanley.
- Offering closed on March 22, 2022 under an effective shelf registration statement.