Corporate ActionMay 15, 2026, 07:06 AM
Fervo Energy Completes IPO, Raises $2.174B Gross Proceeds
AI Summary
Fervo Energy Company successfully completed its initial public offering on May 14, 2026, raising approximately $2.174 billion in gross proceeds. The offering included 80,500,000 shares of Class A Common Stock priced at $27.00 per share, with underwriters fully exercising their option for additional shares. Concurrently, the company's amended and restated certificate of incorporation and bylaws became effective on May 12, 2026, in connection with the IPO.
Key Highlights
- Fervo Energy completed its initial public offering on May 14, 2026.
- The company issued an aggregate of 80,500,000 shares of Class A Common Stock.
- Shares were priced at $27.00 per share.
- Gross proceeds from the IPO were approximately $2.174 billion.
- Underwriters fully exercised their option to purchase an additional 10,500,000 shares.
- Amended and restated certificate of incorporation and bylaws became effective May 12, 2026.
Price Impact
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