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materiality 0.55
Fluence Energy amends 8-K to correct Siemens redemption: 58.6M units converted to Class A shares
Fluence Energy, Inc.
- Siemens Industry exercised redemption of 58,586,695 common units of Fluence Energy, LLC on June 30, 2022.
- Fluence will settle by issuing 58,586,695 shares of Class A common stock on July 7, 2022, exempt from registration.
- Siemens Industry will transfer its interest in the shares to parent Siemens AG for internal administrative purposes.
- The redemption cancels an equal number of Class B-1 shares (5 votes each), reducing Siemens' voting percentage but not economic ownership.
- This amendment corrects typographical errors in the original July 1, 2022 Form 8-K regarding unit/share counts.