Excelerate Energy Prices Upsized $184.3 Million Share Offering

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Excelerate Energy Prices Upsized $184.3 Million Share Offering

, MT Newswires - 3:26 AM ET 4/1/2025 default

03:26 AM EDT, 04/01/2025 (MT Newswires) -- Excelerate Energy ( EE ) said late Monday it priced an upsized underwritten public offering of $184.3 million of class A shares at $26.50 apiece.

The company is offering nearly 7 million class A shares in the offering, which was upsized from the initial $150 million. The firm has granted underwriters a 30-day option to purchase up to an additional 1 million shares.

The offering is expected to close on or about Wednesday.

Excelerate said it aims to use the proceeds to fund the pending $1.06 billion acquisition of New Fortress Energy's ( NFE ) Jamaica business.

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