BuybackJun 2, 2026, 04:23 PM
Constellation Energy Repurchases $558M Shares; Selling Shareholders Offer 11M
AI Summary
Constellation Energy Corporation announced the closing of an offering where selling shareholders sold 11,000,000 shares of common stock to underwriters. Concurrently, the company repurchased 2,000,000 shares from the underwriters for approximately $558.0 million, utilizing its existing share repurchase program. The company did not sell any shares in the offering and did not receive any proceeds from the selling shareholders' sale.
Key Highlights
- Selling shareholders sold 11,000,000 shares of Constellation Energy common stock.
- Underwriters received a 30-day option to purchase up to 1,350,000 additional shares from selling shareholders.
- Constellation Energy repurchased 2,000,000 shares of its common stock.
- The aggregate purchase price for the share repurchase was approximately $558.0 million.
- Approximately $3.5 billion of authority remains under the company's share repurchase program.
- The offering and share repurchase closed on June 2, 2026.
Price Impact
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