SolarEdge Technologies, Inc. Prices Common Stock Offering
17 Março 2022 - 8:39PM
Business Wire
SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today
announced the pricing of 2,000,000 shares of its common stock at
$295.00 per share (the “Common Stock”), for total gross proceeds of
$590.0 million (before deduction for the underwriters’ discount and
other offering expenses).
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and
Morgan Stanley & Co. LLC are acting as joint book-running
managers for the Common Stock offering and as the representatives
of the underwriters. SolarEdge has granted the underwriters a
30-day option from the date of the prospectus supplement to
purchase up to an additional 300,000 shares of its Common Stock
upon the same terms as set forth in the underwriting agreement. The
sale of the Common Stock to the underwriters is expected to settle
on March 22, 2022, subject to customary closing conditions.
SolarEdge intends to use the net proceeds from the offering for
general corporate purposes, which may include acquisitions.
However, SolarEdge does not have agreements or commitments for any
acquisitions at this time.
The offering is being made pursuant to an effective shelf
registration statement that has been filed with the Securities and
Exchange Commission (the “SEC”). A preliminary prospectus
supplement related to the offering of the Common Stock has been
filed with the SEC and is available on the SEC’s website at
http://www.sec.gov. Copies of the preliminary prospectus supplement
and the accompanying prospectus relating to the Common Stock may be
obtained from Goldman Sachs & Co. LLC, 200 West Street, New
York, New York 10282, Telephone: (866) 471-2526, Attention:
Registration Department; J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, Attention: Prospectus Department, 1155 Long
Island Avenue, Edgewood, NY 11717, or via telephone:
1-866-803-9204; or Morgan Stanley & Co. LLC, 180 Varick Street,
2nd Floor, New York, NY 10014, Attention: Prospectus
Department.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any offer or
sale of, the Common Stock in any state or jurisdiction in which the
offer, solicitation, or sale would be unlawful.
Forward-Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified as such because
the statements include information, among other things, concerning:
whether the Offering will be completed and the use of proceeds
therefrom, our possible or assumed future results of operations;
future demands for solar energy solutions; business strategies;
technology developments; financing and investment plans; dividend
policy; competitive position; industry and regulatory environment;
general economic conditions; potential growth opportunities; and
the effects of competition. These forward-looking statements are
often characterized by the use of words such as “may,” “believe,”
“expect,” “anticipate,” “plan,” “project,” “will,” “projections,”
“estimate,” or other words of similar import. Similarly, statements
that describe future financial performance or plans or strategies
are forward-looking statements.
Forward-looking statements are only predictions based on
SolarEdge’s current expectations and SolarEdge’s projections about
future events. These forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
SolarEdge’s actual results, levels of activity, performance or
achievements to be materially different from those expressed or
implied by the forward-looking statements. Given these factors, you
should not place undue reliance on these forward-looking
statements. These factors include, but are not limited to, the
matters discussed in the section entitled “Risk Factors” of
SolarEdge’s Annual Report on Form 10-K for the year ended December
31, 2021, filed on February 22, 2022, Current Reports on Form 8-K
and other reports filed with the SEC. All forward-looking
statements included in this release are given only as at the date
hereof and SolarEdge assumes no obligation, and disclaims any duty,
to update the forward-looking statements in this release.
You should not rely upon forward-looking statements as
predictions of future events. The events and circumstances
reflected in the forward-looking statements may not be achieved or
occur. SolarEdge cannot guarantee future results, levels of
activity, performance or achievements. SolarEdge is under no duty
to update any of these forward-looking statements after the date of
this release or to conform these statements to actual results or
revised expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220317006029/en/
Investor Contacts SolarEdge Technologies, Inc. Ronen Faier,
Chief Financial Officer +1 510-498-3263 investors@solaredge.com or
Sapphire Investor Relations, LLC Erica Mannion or Michael Funari +1
617-542-6180 investors@solaredge.com
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