IPO - Excelerate Energy, Inc.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Ipo

Type: New

Accession Number: 000119312525070710

Filing Summary: On March 31, 2025, Excelerate Energy, Inc. and Excelerate Energy Limited Partnership entered into an underwriting agreement with Barclays Capital Inc. and Morgan Stanley & Co. LLC. This agreement pertains to an underwritten public offering of 6,956,522 shares of the Company’s Class A common stock at a public offering price of $26.50 per share, with the underwriters purchasing shares at a price of $25.308 per share. The underwriters have a 30-day option to purchase an additional 1,043,478 shares. The offering is expected to close on April 2, 2025, with anticipated net proceeds of approximately $175.5 million. The Underwriting Agreement includes customary representations, warranties, and conditions. There is also a 60-day lock-up period for company executives regarding the sell or disposal of common stock. The offering is to be registered under Form S-3, effective since May 24, 2023, with a related prospectus supplement already filed with the SEC.

Document Link: View Document