Goldman Sachs – Sunnova Publicizes Launch of Major and Secondary Providing of Shares of Widespread Stock
HOUSTON–(BUSINESS WIRE)–Sunnova Vitality Worldwide Inc. (“Sunnova”) (NYSE: NOVA) in the present day introduced that it has launched an underwritten public providing (the “Offering”) of seven,000,000 shares of Sunnova’s frequent stock, par value $0.0001 per share (the “common stock”), which consists of three,500,000 shares of frequent stock supplied by Sunnova and three,500,000 shares of frequent stock supplied by a fund affiliated with Newlight Companions (the “Selling Stockholder”).
Sunnova intends to grant the underwriters a 30-day choice to buy an extra 525,000 shares of frequent stock, and the Promoting Stockholder intends to grant the underwriters a 30-day choice to buy an extra 525,000 shares of frequent stock.
Sunnova has filed a shelf registration assertion on Type S-Three regarding the Providing (together with a prospectus) with the Securities and Alternate Fee (the “SEC”) that has turn into efficient. The shares might be issued and bought pursuant to such efficient registration assertion. A preliminary prospectus complement regarding the Providing may also be filed with the SEC. Earlier than you make investments, it is best to learn the prospectus, the preliminary prospectus complement and different paperwork that Sunnova may file with the SEC for extra full details about Sunnova and this Providing. A duplicate of the preliminary prospectus complement regarding the Providing, when accessible, may be obtained from Goldman Sachs & Co. LLC, Prospectus Division, 200 West Street, New York, NY 10282, Phone: 1-866-471-2526, Facsimile: 212-902-9316, Electronic mail: Prospectusfirstname.lastname@example.org; (BofA) Securities, NC1-004-03-43, 200 North School Street, third Flooring, Charlotte, NC 28255-0001, Consideration: Prospectus Division or by e-mail at email@example.com; J.P. Morgan Securities LLC, Consideration: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone 1-866-803-9204 or by e-mail at firstname.lastname@example.org; and Credit score Suisse Securities (USA) LLC, Attn: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, NC 27560, by calling 1-800-221-1037, or by emailing email@example.com.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
Sunnova Vitality Worldwide Inc. (NYSE: NOVA) is a number one residential photo voltaic and power storage service supplier, with clients throughout the U.S. and its territories. Sunnova’s objective is to be the supply of fresh, reasonably priced and dependable power, with a easy mission: to energy power independence in order that householders have the liberty to reside life uninterrupted™.
FORWARD LOOKING STATEMENTS
This press launch incorporates forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Ahead-looking statements usually relate to future occasions or Sunnova’s future monetary or working efficiency. In some instances, you possibly can establish forward-looking statements as a result of they include phrases akin to “may,” “will,” “ought to,” “anticipate,” “plan,” “anticipate,” “going to,” “might,” “intend,” “goal,” “undertaking,” “contemplates,” “imagine,” “estimate,” “predict,” “potential” or “proceed” or the unfavourable of those phrases or different comparable phrases or expressions that concern Sunnova’s expectations, technique, priorities, plans or intentions. Ahead-looking statements on this launch embrace, however are usually not restricted to, statements concerning the conduct of the Providing and the dimensions and phrases of the Providing. Sunnova’s expectations and beliefs concerning these issues may not materialize, and precise leads to future durations are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these projected, together with dangers concerning our means to forecast our enterprise as a result of our restricted working historical past, the consequences of the coronavirus pandemic on our enterprise and operations, outcomes of operations and monetary place, our competitors, fluctuations within the photo voltaic and home-building markets, availability of capital, our means to draw and retain sellers and clients and our vendor and strategic associate relationships. The forward-looking statements contained on this launch are additionally topic to different dangers and uncertainties, together with these extra totally described in Sunnova’s filings with the SEC, together with our Annual Report on Type 10-Ok for the yr ended December 31, 2019, our Quarterly Reviews on Type 10-Q for the quarters ended March 31, June 30 and September 30, 2020 and within the registration assertion on Type S-Three filed with the SEC. The forward-looking statements on this launch are primarily based on data accessible to Sunnova as of the date hereof, and Sunnova disclaims any obligation to replace any forward-looking statements, besides as required by legislation.