|By Business Wire||
|August 14, 2014 08:31 AM EDT||
Enphase Energy, Inc. (NASDAQ:ENPH), today announced the pricing of the previously announced underwritten public offering of 3,216,540 shares of its common stock by selling stockholders at $10.50 per share. The selling stockholders include entities affiliated with Bay Partners, KPCB Holdings, Madrone Partners, RockPort Capital Partners and Third Point LLC. The selling stockholders have granted the underwriters a 30-day option to purchase up to 482,476 additional shares of common stock to cover over-allotments, if any. The selling stockholders will receive all the proceeds from the offering. Enphase Energy will not receive any proceeds from the sale of common stock by the selling stockholders. The offering is expected to close on or about August 19, 2014, subject to customary closing conditions.
Needham & Company, LLC is acting as sole book-running manager. Roth Capital Partners and Northland Securities, Inc. are acting as co-managers.
The shares described above are being offered pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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. Copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, (800) 903-3268 or by email to [email protected].
About Enphase Energy, Inc.
Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Its semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation.
Cautionary Information Regarding Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the public offering and expected closing date. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the public offering. Enphase Energy does not assume any obligation to update any forward-looking statements.
Dec. 10, 2016 01:00 PM EST Reads: 368
Dec. 10, 2016 01:00 PM EST Reads: 1,230
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Dec. 10, 2016 01:00 PM EST Reads: 602
Dec. 10, 2016 12:45 PM EST Reads: 2,131
Dec. 10, 2016 12:30 PM EST Reads: 1,964
Dec. 10, 2016 12:15 PM EST Reads: 7,459
Dec. 10, 2016 12:15 PM EST Reads: 2,279
Dec. 10, 2016 12:00 PM EST Reads: 1,079
Dec. 10, 2016 12:00 PM EST Reads: 2,396
Dec. 10, 2016 12:00 PM EST Reads: 2,406
Dec. 10, 2016 12:00 PM EST Reads: 481
Dec. 10, 2016 12:00 PM EST Reads: 772
Dec. 10, 2016 11:30 AM EST Reads: 2,021
Dec. 10, 2016 11:00 AM EST Reads: 696
Infrastructure is widely available, but who’s managing inbound/outbound traffic? Data is created, stored, and managed online – who is protecting it and how? In his session at 19th Cloud Expo, Jaeson Yoo, SVP of Business Development at Penta Security Systems Inc., discussed how to keep any and all infrastructure clean, safe, and efficient by monitoring and filtering all malicious HTTP/HTTPS traffic at the OSI Layer 7. Stop attacks and web intruders before they can enter your network.
Dec. 10, 2016 11:00 AM EST Reads: 506