New Fortress Energy raises ~$387M in stock offering, issues Series B Preferred to Ceiba

New Fortress Energy Inc.

Underwritten public offering of 46,349,942 shares at $8.63 each; net proceeds ~$387.25M.
CEO Wesley R. Edens purchased 5,793,742 shares in the offering at the same public price.
Issued 96,746 shares of 4.8% Series B Convertible Preferred to Ceiba Energy in exchange for Series A.
Series B Preferred has initial conversion price $9.9645 per common share; cumulative dividend rate 4.8% (steps to 9.8% if unpaid).
Registration rights granted to Ceiba for resale of underlying common shares.

item 1.01 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

New Fortress Energy Inc.: Filed Certificate of Designations to designate 96,746 shares of Series B Convertible Preferred Stock with specific terms (effective 2024-10-01).

Change: charter amendment
Effective: 2024-10-01

Exact text from the filing

On October 1, 2024, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to designate 96,746 shares of the Series B Convertible Preferred Stock

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190 governance changes filed in the last 30 days. Browse all governance changes →

New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-24-000092

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