Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock
Forgent Power Solutions closed a public offering of 43.65 million shares of Class A common stock at a price of $49.00 per share. The offering consisted of 14.56 million shares sold by the company and 29.09 million shares sold by parent entities controlled by sponsor Neos Partners, with Forgent's net proceeds used to redeem interests in a subsidiary held by Neos.
Key figures
- Offering Price
- 49
- Shares sold by company
- 14555925
- Shares sold by selling stockholders
- 29094075
AI analysis
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