Altus Power, Inc (AMPS) Prices 7M Share Secondary Offering at $11.50

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Go back to Altus Power, Inc (AMPS) Prices 7M Share Secondary Offering at $11.50

Altus Power, Inc. Announces Pricing of Secondary Underwritten Public Offering of Class A Common Stock

September 28, 2022 10:43 PM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power, Inc. (Altus Power) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the pricing of a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone (Blackstone). The offering consists of 7,000,000 shares being sold by Blackstone at a public offering price of $11.50 per share, which represents $80.5 million of Class A common stock, before underwriting discounts and commissions. In connection with the offering, Blackstone granted the underwriters a 30-day option to purchase up to 1,050,000... More