secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001749723-24-000092
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972324000092/0001749723-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972324000092/nfe-20241002.htm
  HTML page:      https://secwatch.observer/filing/0001749723-24-000092

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