Fluence Energy, Inc. disclosed that certain of its major stockholders, including AES Grid Stability, LLC, SPT Holding, SARL, and Qatar Holding LLC, have completed an underwritten secondary public offering of 23 million shares of Class A common stock at a price of $21.00 per share. The company itself did not sell any shares in the offering and will not receive any of the proceeds.
Key Details
- Offering Size: Selling stockholders sold a total of 23,000,000 shares of Class A common stock at $21.00 per share, for total gross proceeds of approximately $483 million.
- Offering Structure: The transaction included an initial offering of 20,000,000 shares and a 3,000,000-share option for underwriters, which was exercised in full on May 14, 2026. The offering closed on May 15, 2026.
- Related Transaction: In a related event, AES Grid Stability, LLC redeemed 10,066,414 common units of Fluence Energy, LLC for an equivalent number of Class A shares on May 15, 2026, to facilitate its participation in the offering.
- Company Proceeds: Fluence Energy, Inc. will not receive any proceeds from the sale of shares by the selling stockholders.