other material
confidence high
sentiment neutral
materiality 0.70
Solaris Energy Infrastructure prices 6.5M share offering at $24.75, nets $156M for power generation equipment
Solaris Energy Infrastructure, Inc.
- Priced underwritten offering of 6,500,000 shares at $24.75 per share, raising net proceeds of approx. $156 million.
- Net proceeds contributed to subsidiary Solaris LLC to fund growth capital for natural gas turbines and balance-of-plant equipment.
- Selling stockholder Yorktown Energy Partners granted underwriters 30-day option to purchase up to 975,000 additional shares.
- Santander US Capital Markets acted as lead book-running manager; offering closed December 11, 2024.