MN8 Energy (MNX) Files IPO Registration Statement

(Updated - September 12, 2022 9:36 AM EDT)

MN8 Energy (NYSE: MNX) has filed for a proposed IPO.

The company describes itself as: "We are a renewable energy company. Our mission is to serve enterprise customers by providing the renewable energy and related services that these customers need on their journey to an electrified, decarbonized world. To achieve this mission, we generate renewable energy with our fleet of solar projects and are able to store energy in our fleet of battery projects, in each case tailored to the needs of individual enterprise customers. In 2021, we were one of the largest independent solar energy and energy storage power producers in the U.S. and one of the top 5 largest solar and storage asset owners overall in the U.S., based on the total gross capacity of our projects that were operating according to S&P Global Market Intelligence. As of June 30, 2022, our fleet was composed of over 850 projects spread across 27 states with an aggregate capacity of approximately 2.3 gigawatts (“GW”) of operating and under construction solar projects and approximately 270 megawatts (“MW”) of operating and under construction battery storage projects. We have a blue-chip set of over 200 enterprise customers, many of whom have bold decarbonization objectives, which we believe will provide us with many add-on commercial opportunities in the years to come."

Goldman Sachs, BofA Securities, J.P. Morgan, HSBC and Wells Fargo Securities will serve as lead underwriter.

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