New Fortress Energy said it priced an underwritten public offering of 46,349,942 shares of its class A common stock at a public offering price of $8.63 per share. Wesley Edens, CEO, has agreed to purchase 5,793,742 shares in this offering at the public offering price. The company intends to use the net proceeds from this offering for general corporate purposes. Morgan Stanley is acting as joint book-running manager for the offering together with other members of the syndicate. Shares of New Fortress Energy are up 17% to $10.63 in morning trading.
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