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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