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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

BEL FUSE INC /NJ entered into Underwriting Agreement with Citigroup Global Markets Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC valued at approximately $383.3 million (effective 2026-05-13).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC
Value: approximately $383.3 million
Effective: 2026-05-13

Exact text from the filing

On May 13, 2026, Bel Fuse, Inc. (the “Company” or “Bel”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., BofA Securities, Inc. and Wells Fargo Securities, LLC as representatives (the “Representatives”) of the underwriters listed in Schedule I thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell an aggregate of 1,500,000 shares (the “Shares”) of its Class B common stock, par value $0.10 per share (“Class B Common Stock”), at a price to the public of $266.00 per share (the “Offering”).

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Source: SEC EDGAR

accession 0001213900-26-056732

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