TEL AVIV, Israel--(BUSINESS WIRE)--Enlight Renewable Energy ("Enlight"), a global renewable energy platform, announced today the pricing of its initial public offering of 14,000,000 ordinary shares at a price to the public of $18.00 per share. In addition, Enlight has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions.
The ordinary shares are expected to begin trading on the Nasdaq Global Select Market on Friday, February 10, 2023 under the ticker symbol "ENLT." Enlight's ordinary shares currently trade on the Tel Aviv Stock Exchange under the symbol "ENLT." The offering is expected to close on February 14, 2023, subject to the satisfaction of customary closing conditions.
J.P. Morgan, BofA Securities and Barclays are acting as lead book-running managers for the offering. Credit Suisse, Wolfe | Nomura Alliance and HSBC are acting as book-running managers, and Roth Capital Partners is acting as co-manager for the offering.
The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com.
A registration statement on Form F-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission on February 9, 2023. 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Enlight Renewable Energy:
Founded in 2008 and traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT), Enlight develops, finances, constructs, owns and operates utility-sale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. As a global platform, Enlight operates in the United States, Israel and 9 European countries.
Contacts
Enlight Renewable Energy
Dan Politi
danp@enlightenergy.co.il
The Blueshirt Group, for Enlight:
Alex Wellins
alex@blueshirtgroup.com
