FuelCell Energy entered into an underwriting agreement for a public offering of 10,714,286 shares of common stock at $21.00 per share, with a 30-day option for 1,607,143 additional shares fully exercised. The deal, led by Citigroup Global Markets and Barclays Capital as representatives of the underwriters, is expected to close on July 9, 2026 and generate approximately $245.4 million in net proceeds. The company plans to use the funds for manufacturing capacity expansion, working capital, and general corporate purposes.
Agreement details:
- Agreement type: Underwriting agreement for common stock offering
- Counterparty: Citigroup Global Markets and Barclays Capital, as representatives of the underwriters
- Signed / Effective: Jul 07 2026 / same
- Duration / Termination: At will
- Reason: Raise capital for capacity expansion and working capital
Original SEC Filing:
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