ALBUQUERQUE, N.M., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the pricing of an upsized secondary offering by a parent entity of the Company controlled by Oaktree Capital (the “Selling Stockholder”) of 31,875,000 shares of common stock of the Company at a price to the public of $35.00 per share. In addition, the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 4,781,250 shares at the public offering price, less underwriting discounts and commissions. The Company will not receive any proceeds from the sale of shares by the Selling Stockholder. The Company's common stock is listed on the Nasdaq Global Market under the symbol “ARRY.” The offering is expected to close on December 7, 2020, subject to customary closing conditions.
Array Technologies, Inc. Announces Pricing of Upsized Secondary Offering of 31,875,000 Shares
Dec 03, 2020
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