This Tender Offer Statement on Schedule TO (this Schedule TO) relates to the offer by Pine Merger Sub, Inc., a Delaware corporation (the Purchaser), to purchase all outstanding shares of common stock, $0.001 par value per share (Shares), of EnerNOC, Inc., a Delaware corporation (EnerNOC), at a price of $7.67 per Share, net to the holder in cash (less any required withholding taxes and without interest), subject to the terms and the conditions described in the Offer to Purchase dated July 10, 2017 (together with any amendments or supplements thereto, the Offer to Purchase) and in the accompanying Letter of Transmittal (together with any amendments or supplements thereto and with the Offer to Purchase, the Offer) which are annexed to and filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. The Purchaser is a wholly owned subsidiary of Enel Green Power North America, Inc., a Delaware corporation (EGPNA). This Schedule TO is being filed on behalf of EGPNA and the Purchaser.
All the information set forth in the Offer to Purchase, including Schedule A thereto, is incorporated by reference herein in response to Items 1 through 9 and Item 11 of this Schedule TO, and is supplemented by the information specifically provided in this Schedule TO.
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ITEM 1.
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SUMMARY TERM SHEET.
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The information set forth in the Offer to Purchase under the caption SUMMARY TERM SHEET is incorporated herein by reference.
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ITEM 2.
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SUBJECT COMPANY INFORMATION.
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(a) The subject company and the issuer of the securities subject to the Offer is EnerNOC, Inc., a Delaware corporation. Its principal executive office is located at One Marina Park Drive, Suite 400, Boston, MA and its telephone number is (617) 224-9900.
(b) This Schedule TO relates to the Shares. According to information provided by EnerNOC, as of June 20, 2017 (the most recent practicable date), there were 31,372,190 Shares issued and outstanding, 169,855 Shares authorized and reserved for issuance pursuant to outstanding options to purchase Shares, 1,227,771 Shares are authorized and reserved for issuance in connection with EnerNOC restricted stock units outstanding, and 6,378,674 Shares are subject to EnerNOC convertible notes. The information set forth on the cover page and under the caption INTRODUCTION in the Offer to Purchase is incorporated herein by reference.
(c) The information concerning the principal market, if any, in which the Shares are traded and certain high and low sales prices for the Shares in the principal market in which the Shares are traded is set forth under the caption THE TENDER OFFER—Section 6—Price Range of Shares; Dividends of the Offer to Purchase and is incorporated herein by reference.
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ITEM 3.
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IDENTITY AND BACKGROUND OF FILING PERSON.
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(a)–(c) The filing companies of this Schedule TO are the Purchaser and EGPNA. The Purchasers principal executive office is located at c/o Enel Green Power North America, Inc., 100 Brickstone Square, Ste 300, Andover, MA 01810, and the Purchasers telephone number is (978) 296-6822. EGPNAs principal executive office is located at 100 Brickstone Square, Ste 300, Andover, MA 01810 and EGPNAs telephone number is (978) 296-6822. The information regarding EGPNA and the Purchaser set forth in the Offer to Purchase under the caption THE TENDER OFFER—Section 9—Certain Information Concerning EGPNA and the Purchaser and Schedule A attached thereto is incorporated herein by reference.
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ITEM 4.
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TERMS OF THE TRANSACTION.
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(a) The information set forth in the Offer to Purchase under the following captions is incorporated herein by reference:
SUMMARY TERM SHEET
INTRODUCTION
THE TENDER OFFER—Section 1—Terms of the Offer.
THE TENDER OFFER—Section 2—Acceptance for Payment and Payment for Shares.
THE TENDER OFFER—Section 3—Procedures for Tendering Shares.
THE TENDER OFFER—Section 4—Withdrawal Rights.
THE TENDER OFFER—Section 5—Material U.S. Federal Income Tax Consequences of the Offer and the Merger.