Business
SOLV Energy Announces Pricing of Upsized Public Offering of Class A Common Stock
SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced the pricing of an upsized public offering of its Class A common stock at a public offering price of $36.00 per share. The offering consists of 15,000,000 shares of Class A common stock of the Company, including 7,698,410 shares being offered by affiliates of American Securities LLC (the “Selling Stockholders”)
About this update from Solv Energy, Inc.
[{"type":"text","content":"SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced the pricing of an upsized public offering of its Class A common stock at a public offering price of $36.00 per share. The offering consists of 15,000,000 shares of Class A common stock of the Company, including 7,698,410 shares being offered by affiliates of American Securities LLC (the “Selling Stockholders”) and 7,301,590 shares being offered by the Company. In addition, the Selling Stockholders and the Company have granted the underwriters a 30-day option to purchase up to an additional 1,154,760 shares and 1,095,240 shares, respectively, of Class A common stock of the Company at the public offering price, less underwriting discounts and commissions.","length":849,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds it receives from the offering to purchase limited liability company interests in SOLV Energy Holdings LLC from the existing holders thereof, including affiliates of American Securities LLC, certain of our directors and, indirectly, our executive officers. The Company will not receive any of the proceeds from the sale of shares of Class A common stock by the Selling Stockholders.","length":425,"tagName":"p"},{"type":"text","content":"The closing of the offering is expected to occur on June 1, 2026, subject to customary closing conditions.","length":106,"tagName":"p"},{"type":"text","content":"Jefferies and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, CIBC Capital Markets and Roth Capital Partners are acting as bookrunners for the offering.","length":315,"tagName":"p"},{"type":"text","content":"The offering of these securities is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022...