Simpson Thacher represented SPT Holding, SARL, in its capacity as a selling securityholder, in connection with a secondary offering of Class A common stock of Fluence Energy, Inc. The offering of 23,000,000 shares of Fluence Energy, Inc. Class A common stock, including the full exercise of the underwriters’ option to purchase additional shares, raised approximately $472 million in gross proceeds, with the selling securityholders receiving all of the proceeds from the offering.
Fluence Energy, Inc. is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, Fluence is transforming the way we power our world for a more sustainable future.
The Simpson Thacher team included William Golden and Evan Hunt (Capital Markets); and James Rapp, Bettina Elstroth and Joshua Traube (Public Company Advisory Practice).