Fluence Energy (FLNC) said Wednesday it has priced an underwritten public offering of a total of 20 million of its class A common shares on behalf of certain shareholders at $21 apiece.
The selling shareholders have provided a 30-day option to the underwriters to acquire up to an additional 3 million of the company's class A common shares, Fluence Energy said, adding that it will not receive any proceeds from the offering.
The company said it intends to close the offering on Friday.
Shares of the company were up 1% in Wednesday premarket activity.
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