Nextracker Announces Pricing of Offering of Class A Common Stock
29 Junho 2023 - 12:04AM
Business Wire
Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today
that it priced its underwritten offering of 14,210,511 shares of
its Class A common stock (“Common Stock”) offered by Nextracker and
2,289,489 shares of Common Stock offered by certain stockholders of
Nextracker at an offering price of $36.50 per share. The offering
is expected to close on July 3, 2023, subject to customary closing
conditions. In addition, the underwriters of the offering have been
granted a 30-day option to purchase up to 1,650,000 additional
shares of Common Stock at the offering price from Nextracker and
such selling stockholders, less underwriting discounts and
commissions.
Nextracker expects to use all of the net proceeds from its
offering of 14,210,511 shares of Common Stock to purchase
14,210,511 Nextracker LLC common units from Yuma, Inc., an indirect
wholly-owned subsidiary of Flex Ltd., and TPG Rise Flash, L.P., an
affiliate of the global alternative asset management firm TPG.
Nextracker will not receive any proceeds from the sale of the
shares of the selling stockholders.
J.P. Morgan, BofA Securities, Barclays and Citigroup are acting
as joint lead book-running managers for the offering. Truist
Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets and
Scotiabank are acting as joint book-running managers for the
offering. SMBC Nikko, BTIG, UniCredit Capital Markets, Roth Capital
Partners, Craig-Hallum and PJT Partners are acting as co-managers
for the offering.
The offering will be made only by means of a prospectus. Copies
of the prospectus, when available, may be obtained from: the U.S.
Securities and Exchange Commission (the “SEC”) at www.sec.gov; and
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866)
803-9204 or by email at prospectus-eq_fi@jpmchase.com; BofA
Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC
28255-0001, Attn: Prospectus Department, by email at
dg.prospectus_requests@bofa.com; Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at (888) 603-5847, or by email at
barclaysprospectus@broadridge.com; and Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by telephone at (800) 831-9146.
A registration statement relating to these securities has been
filed with, and declared effective by, the SEC on June 28, 2023.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
About Nextracker
Nextracker is a leading provider of intelligent, integrated
solar tracker and software solutions used in utility-scale and
ground-mounted distributed generation solar projects around the
world. Our products enable solar panels in these projects to follow
the sun’s movement across the sky and optimize plant
performance.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628647949/en/
MEDIA & PRESS
Kristan Kirsh Vice President, Global Marketing
kkirsh@nextracker.com
INVESTORS & ANALYSTS
Don Quinby Director, Finance dquinby@nextracker.com
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