PETALUMA, Calif.--(BUSINESS WIRE)--
Enphase Energy, Inc., (NASDAQ:ENPH) today announced it has closed the
previously announced underwritten public offering of 10,315,151 shares
of its common stock at a price to the public of $6.00 per share for
gross proceeds of approximately $61.9 million. The shares include
1,345,454 shares of common stock sold pursuant to the over-allotment
option granted by the Company to the underwriters, which option was
exercised in full. The net proceeds from the sale of the shares, after
deducting the underwriters' discounts and other estimated offering
expenses payable by Enphase Energy, will be approximately $54.6 million.
Morgan Stanley & Co. LLC, BofA Merrill Lynch and Deutsche Bank
Securities Inc. acted as joint book-running managers for the offering.
Jefferies & Company, Inc. acted as joint lead manager, and Lazard
Capital Markets LLC and ThinkEquity LLC acted as co-managers.
A copy of the prospectus relating to the offering may be obtained by
contacting Morgan Stanley & Co. LLC at 180 Varick Street, 2nd
Floor, New York, New York 10014, Attention: Prospectus Department, by
calling (866) 718-1649 or by e-mailing prospectus@morganstanley.com;
BofA Merrill Lynch at 4 Financial World Center, New York, New York
10080, Attention: Prospectus Department or by e-mailing dg.prospectus_requests@baml.com;
or Deutsche Bank Securities Inc. at 100 Plaza One, Jersey City, New
Jersey 07311, Attention: Prospectus Department, by calling (800)
503-4611 or by e-mailing prospectus.cpdg@db.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Enphase Energy, Inc.
Enphase Energy delivers microinverter technology for the solar industry
that increases energy production, simplifies design and installation,
improves system uptime and reliability, reduces fire safety risk and
provides a platform for intelligent energy management. Our
semiconductor-based microinverter system converts energy at the
individual solar module level and brings a systems-based, high
technology approach to solar energy generation.
Enphase Energy, Inc.
The Blueshirt Group
David Niederman,
415-489-2189 (Investor Relations)
davidn@blueshirtgroup.com
or
Enphase
Energy
Christine Bennett, +1-707-763-4784 (Media)
PR Manager
pr@enphaseenergy.com
Source: Enphase Energy, Inc.
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