Bel Fuse Inc. Announces Pricing of Upsized Public Offering of Class B Common Stock

Bel Fuse Inc. has announced the pricing of an upsized underwritten offering of 1,500,000 shares of its Class B common stock at $266.00 per share. The aggregate gross proceeds from the offering are expected to be approximately $399.0 million, before deducting underwriting discounts and commissions. Bel intends to use the net proceeds to pay down outstanding debt, fund the remaining 20% acquisition of Enercon Technologies, Ltd., and for general corporate purposes.

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