Bel Fuse prices upsized 1.5M share Class B offering at $266; net $383M for debt, Enercon acquisition

BEL FUSE INC /NJ

Offering of 1,500,000 Class B shares (plus 225,000 over-allotment) at $266 per share; gross proceeds $399M.
Net proceeds estimated at $383.3M after underwriting discounts and expenses.
Proceeds to pay down credit facility debt and fund the remaining 20% purchase of Enercon Technologies, Ltd.
Underwriters led by Citigroup, BofA Securities, Wells Fargo; closing expected May 15, 2026.
Directors and certain officers agreed to a 60-day lock-up on company securities.

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