Babcock & Wilcox enters $50M at-the-market common stock offering

Babcock & Wilcox Enterprises, Inc.

Entered Sales Agreement with B. Riley, Seaport Global, Craig-Hallum, and Lake Street as agents.
Offering up to $50M of common stock via ATM (at-the-market) method under existing S-3 shelf.
Agents entitled to 3.0% commission on gross proceeds; no minimum offering required.
Prospectus supplement filed April 10, 2024; proceeds to be used for general corporate purposes.
Shares sold from time to time at prevailing market prices; amount and timing uncertain.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Babcock & Wilcox Enterprises, Inc. entered into Sales Agreement with B. Riley Securities, Inc., Seaport Global Securities LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC valued at up to $50,000,000 (effective 2024-04-10).

Action: entry
Agreement: atm program
Counterparty: B. Riley Securities, Inc., Seaport Global Securities LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC
Value: up to $50,000,000
Effective: 2024-04-10

Exact text from the filing

On April 10, 2024, Babcock & Wilcox Enterprises, Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with B. Riley Securities, Inc., Seaport Global Securities LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC (the “Agents”), in connection with the offer and sale from time to time by the Company of shares of the Company’s common stock, having an aggregate offering price of up to $50,000,000 (the “Shares”) through the Agents.

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-045860

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