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.
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