FuelCell Energy $258 million follow-on and secondary offering
Davis Polk advised the representative of the several underwriters in connection with the $258 million offering of 39,696,320 shares of FuelCell Energy, Inc.’s common stock, which includes 14,696,320 shares sold by selling stockholders and 5,177,781 shares from the full exercise of the underwriters’ option to purchase additional shares from the company. The shares of common stock are listed on the Nasdaq Global Market under the symbol “FCEL.”
FuelCell Energy, Inc. is a global leader in sustainable clean energy technologies that address some of the world’s most critical challenges around energy, safety and global urbanization.
The Davis Polk capital markets team included partner Marcel Fausten and associate Daniel Chao. The tax team included partner Po Sit and associate Bradford Sherman. Associate Christopher C. Woller provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.