New Fortress Energy's natural gas energy plant in Puerto Sandino, Nicaragua. (Source: Shutterstock)
New Fortress Energy Inc.’s secondary public offering of 6.9 million shares of common stock is priced to the public at $46 per share, New Fortress announced Dec. 14 in a press release.
The secondary public offering of common stock is by Energy Transition Holdings LLC, which is an entity managed by Great Mountain Partners LLC. New Fortress will not receive any proceeds from the sale of shares.
The 6.9 million shares of common stock represent approximately 3.3% of New Fortress’ outstanding common stock and 21.3% of the shares held by the selling stockholder as of Dec. 13.
J.P. Morgan is the sole underwriter for the offering, which is expected to close Dec. 19.
New Fortress is a global energy infrastructure company that owns and operates natural gas and LNG infrastructure.
Recommended Reading
Halliburton Secures Drilling Contract from Petrobras Offshore Brazil
2025-01-30 - Halliburton Co. said the contract expands its drilling services footprint in the presalt and post-salt areas for both development and exploration wells.
TGS to Reprocess Seismic Data in India’s Krishna-Godavari Basin
2025-01-28 - TGS will reprocess 3D seismic data, including 10,900 sq km of open acreage available in India’s upcoming 10th Open Acreage Licensing Policy (OALP) bid round blocks.
RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy
2025-01-24 - Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.
Halliburton Sees Strong Adoption of New Oilfield Tech Offerings
2025-01-22 - Halliburton Co.’s Zeus e-fracs, Octiv auto-fracs and the Sensori monitoring platform are setting the stage for long-term growth, CEO Jeff Miller says.
New Era Helium, Sharon AI Cement Permian Basin Data Center JV
2025-01-21 - New Era Helium and Sharon AI have created a JV, Texas Critical Data Centers, and are working on offtake gas supply agreements and site selection.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.