Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Bloom Energy Corp: Filing of Certificate of Designation for Series B Redeemable Convertible Preferred Stock, setting forth the terms, rights, and obligations of the RCPS.
- Change
- charter amendment
Exact text from the filing
A Certificate of Designation of Series B Redeemable Convertible Preferred Stock (the “Certificate of Designation”) that sets forth the terms, rights and obligations of the RCPS will be filed with the Secretary of State of Delaware.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bloom Energy Corp amended Amendment with SK ecoplant Co., Ltd. valued at approximately $311 million (effective 2023-03-20).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- SK ecoplant Co., Ltd.
- Value
- approximately $311 million
- Effective
- 2023-03-20
Exact text from the filing
On March 20, 2023, Bloom Energy Corporation (the “Company”) entered into an Amendment (the “Amendment”) to its certain Securities Purchase Agreement (as amended, the “Purchase Agreement”) and Investor Agreement (as amended, the “Investor Agreement”), each with SK ecoplant Co., Ltd. (“SK ecoplant”). Pursuant to the Purchase Agreement, the Company issued and sold to SK ecoplant 13,491,701 shares of non-voting redeemable convertible Series B preferred stock, par value $0.0001 per share, of the Company (the “RCPS”), at a purchase price of $23.05 per share or an aggregate purchase price of approximately $311 million (the “Secondary Investment”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bloom Energy Corp entered into Shareholder’s Loan Agreement with SK ecoplant Co., Ltd. valued at up to $310,957,102 (effective 2023-03-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- SK ecoplant Co., Ltd.
- Value
- up to $310,957,102
- Effective
- 2023-03-20
Exact text from the filing
On March 20, 2023, the Company also entered into a Shareholder’s Loan Agreement with SK ecoplant (the “Loan Agreement”), which provides that if at any time prior to the conversion of the RCPS, SK ecoplant provides a notice of the intention of SK ecoplant or Econovation to hold fewer than 10,000,000 shares or 13,491,701 shares, respectively, and certain other conditions are satisfied, the Company can request a draw down on the loan for up to $310,957,102.
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