Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Forgent Power Solutions closed a public offering of 32.77 million Class A common shares at $47.00 per share, including the full exercise of the underwriters' over-allotment option. The company sold 15.85 million shares, while selling stockholders controlled by Neos Partners sold the remaining 16.92 million shares. Forgent did not receive proceeds from the Neos sales.
Key figures
- Offering Price
- 47
- Shares Offered
- 15852319
- Total shares sold
- 32769681
- Shares sold by company
- 15852319
- Option exercise shares total
- 4227261
- Option exercise shares company
- 2114739
- Shares sold by selling stockholders
- 32769681
AI analysis
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