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Forgent Power Solutions Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
Businesswire· 2026-03-30 20:30
Core Viewpoint - Forgent Power Solutions, Inc. has successfully closed a public offering of its Class A common stock, indicating strong market interest and potential for capital raising in the electrical distribution equipment sector [1] Group 1: Company Overview - Forgent Power Solutions, Inc. is a leading designer and manufacturer of electrical distribution equipment utilized in data centers, the power grid, and energy-intensive industrial facilities [1] Group 2: Offering Details - The public offering consisted of 23,716,795 shares of Class A common stock sold by parent entities controlled by Neos Partners, LP, referred to as the Selling Stockholder [1]
Forgent Power Solutions Announces Public Offering of Class A Common Stock
Businesswire· 2026-03-24 21:45
Core Viewpoint - Forgent Power Solutions, Inc. has announced a public offering of its Class A common stock, consisting of 20,688,335 shares from selling stockholders and 9,311,665 shares from the company itself, with additional options for underwriters to purchase more shares [1][2]. Group 1: Offering Details - The public offering includes a total of 30,000,000 shares, with a 30-day option for underwriters to purchase an additional 3,103,250 shares from selling stockholders and 1,396,750 shares from the company [1]. - The proceeds from the shares sold by Forgent will be used to redeem interests in an operating subsidiary held by existing equity owners controlled by Neos Partners, LP [2]. Group 2: Underwriters - Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley are acting as joint lead book-running managers for the offering, while J.P. Morgan, BofA Securities, and Barclays are serving as bookrunners [3]. Group 3: Regulatory Information - A registration statement on Form S-1 has been filed with the SEC, but it has not yet become effective, meaning the securities cannot be sold until the registration is effective [5].
Forgent Power Solutions Announces Full Exercise and Closing of Over-Allotment Option in Connection with its Initial Public Offering
Businesswire· 2026-02-10 00:59
Core Viewpoint - Forgent Power Solutions, Inc. has successfully completed its initial public offering of 39,413,573 shares of Class A common stock, which were offered by parent entities controlled by Neos Partners, LP [1] Company Overview - Forgent Power Solutions, Inc. is a leading designer and manufacturer of electrical distribution equipment [1] - The company's products are utilized in data centers, the power grid, and energy-intensive industrial facilities [1]
Forgent Power Solutions Announces Closing of Initial Public Offering
Businesswire· 2026-02-06 21:05
Core Viewpoint - Forgent Power Solutions, Inc. has successfully closed its initial public offering (IPO) of Class A common stock, indicating a significant step in its growth strategy and market presence [1] Group 1: Company Overview - Forgent Power Solutions, Inc. is a leading designer and manufacturer of electrical distribution equipment utilized in data centers, the power grid, and energy-intensive industrial facilities [1] Group 2: IPO Details - The IPO consists of 39,413,573 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP [1]
Forgent Power Solutions Announces Pricing of Initial Public Offering
Businesswire· 2026-02-05 01:47
Core Viewpoint - Forgent Power Solutions, Inc. has announced the pricing of its initial public offering (IPO) at $27.00 per share, with a total of 39,413,573 shares offered by selling stockholders and 16,586,427 shares offered by the company itself [1]. Group 1: IPO Details - The IPO consists of 39,413,573 shares of Class A common stock offered by parent entities controlled by Neos Partners, LP, and 16,586,427 shares offered by Forgent [1]. - The underwriters have been granted a 30-day option to purchase an additional 5,912,036 shares from selling stockholders and 2,487,964 shares from the company at the IPO price [1]. - The shares are expected to begin trading on February 5, 2026, under the ticker symbol "FPS," with the closing of the offering anticipated on February 6, 2026 [3]. Group 2: Use of Proceeds - Forgent will not receive any proceeds from the sale of shares by the selling stockholders; however, the net proceeds from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP [2]. Group 3: Company Overview - Forgent is a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities [7]. - The company specializes in manufacturing custom products that are "engineered-to-order" for technically demanding applications, positioning itself as one of the few companies capable of providing all necessary electrical distribution equipment for data centers or large manufacturing facilities with high levels of customization and short lead times [7].
Forgent Power Solutions(FPS) - Prospectus(update)
2026-01-26 12:17
Table of Contents As filed with the Securities and Exchange Commission on January 26, 2026. Registration No. 333-292632 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Forgent Power Solutions, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3620 39-3386651 (Primary Standard Industrial Classification Code Number) (I.R.S ...