---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-077383"
form_type: "8-K"
ticker: "BE"
cik: "0001664703"
company_name: "Bloom Energy Corp"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:40:07.399293+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bloom Energy secures ~$311M from SK ecoplant via preferred stock and loan agreement

## Summary
- Issued 13,491,701 Series B preferred shares at $23.05 each to SK ecoplant for ~$311M; closing by March 24, 2023.
- Preferred stock automatically converts to Class A common six months after closing, has liquidation preference, no voting rights.
- Entered $310.96M loan agreement with SK ecoplant at 4.6% interest, 5-year maturity, for working capital and general corporate needs.
- SK ecoplant's board designation right deferred until conversion of preferred shares, assigned to Econovation LLC.

## SEC filing metadata
- accession: 0001193125-23-077383
- form_type: 8-K
- ticker: BE
- cik: 0001664703
- company_name: Bloom Energy Corp
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/0001193125-23-077383-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/d464373d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-077383
- JSON: https://secwatch.observer/filing/0001193125-23-077383.json
- Plain text: https://secwatch.observer/filing/0001193125-23-077383.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/0001193125-23-077383-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/0001193125-23-077383-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664703/000119312523077383/0001193125-23-077383-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.