FuelCell Energy amends equity distribution agreement to $200M; J.P. Morgan exits as agent

FUELCELL ENERGY INC

Amendment raises maximum common stock offering to $200M (excluding prior sales) from prior $300M ceiling.
J.P. Morgan Securities LLC terminated as sales agent effective Dec 24, 2025, per written notice.
Remaining agents: Jefferies, B. Riley, Barclays, BMO, BofA, Canaccord, Citigroup, Loop Capital.

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

FUELCELL ENERGY INC amended Open Market Sale Agreement SM with Jefferies LLC, B. Riley Securities, Inc., Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Canaccord Genuity LLC, Citigroup Global Markets Inc. and Loop Capital Markets LLC valued at $200,000,000 (effective 2025-12-30).

Action: amendment
Agreement: atm program
Counterparty: Jefferies LLC, B. Riley Securities, Inc., Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Canaccord Genuity LLC, Citigroup Global Markets Inc. and Loop Capital Markets LLC
Value: $200,000,000
Effective: 2025-12-30

Exact text from the filing

On December 30, 2025, FuelCell Energy, Inc. (the “Company”) entered into an amendment to the Open Market Sale Agreement SM (as amended, the “Sales Agreement”) with Jefferies LLC, B. Riley Securities, Inc., Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Canaccord Genuity LLC, Citigroup Global Markets Inc. and Loop Capital Markets LLC, as sales agents, to increase the amount of shares of common stock that may be sold under the Sales Agreement to $200,000,000 (exclusive of any sales made prior to the date of the amendment).

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Source: SEC EDGAR

accession 0001104659-25-125274

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