secwatch.observer — SEC 8-K summary
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Issuer:     Excelerate Energy, Inc. (EE)
CIK:        0001888447
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001140361-22-014862
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 3.03, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Excelerate Energy closes IPO of 18.4M shares at $24; acquires vessel interests for $253.6M
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- IPO closed April 18, 2022: 18.4M Class A shares at $24.00 per share, raising approximately $441.6M.
- Issued 7.85M Class A shares to Maya for membership interests in Excelsior and Excellence vessel companies as part of $253.6M purchase consideration.
- Issued 82.02M Class B shares to Holdings; convertible one-for-one into Class A upon exchange of EELP interests.
- Board expanded with five new directors; Don Millican appointed Chair; audit, compensation, nominating committees formed.
- Adopted Long-Term Incentive Plan authorizing 10.75M Class A shares; initial option grants to executives at $24 exercise price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888447/000114036122014862/0001140361-22-014862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888447/000114036122014862/ny20000051x20_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-014862

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