On June 28, 2023, Nextracker Inc. announced that it priced its combined primary (synthetic secondary) and secondary underwritten public offering of 16,500,000 Class A common stock offered by Nextracker and certain selling stockholders, at an offering price of $36.50 per share. In addition, Nextracker granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of Class A common stock at the offering price of $36.50, less underwriting discounts and commissions, which the underwriters exercised on June 29, 2023. The offering closed on July 3, 2023.
J.P. Morgan, BofA Securities, Barclays, and Citigroup acted as joint lead book-running managers for the offering. Truist Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets, and Scotiabank acted as joint book-running managers for the offering. SMBC Nikko, BTIG, UniCredit Capital Markets, Roth Capital Partners, Craig-Hallum and PJT Partners acted as co-managers for the offering. Wilson Sonsini Goodrich & Rosati advised the underwriters on the transaction.
The Wilson Sonsini Goodrich & Rosati team advising the underwriters on the transaction include:
Corporate
Robert Day
Melissa Rick
Elisa Sielski
Matt Maricic
Caiti VerBrugge
Employee Benefits and Compensation
Michael Montfort
Jaqueline Tokuda
Energy and Climate Solutions
Scott Zimmermann
Nicole Gambino
Jaron Goddard
For more information, please see Nextracker’s press releases on the offering's launch, pricing, and full exercise of underwriters' option.