Forgent Power Solutions files prospectus for 35M share offering

Forgent Power Solutions (NYSE: FPS) has filed a prospectus to offer 35,000,000 shares of Class A common stock.

The offering consists of two parts: 23,328,582 shares to be sold by existing stockholders Forgent Parent I LP and Forgent Parent IV LP, and 11,671,418 shares to be sold directly by the company.

According to the filing, the company intends to use proceeds from its portion of the offering to purchase Opco LLC Interests in Forgent Power Solutions LLC. The company stated it will not receive any proceeds from the shares sold by the existing stockholders.

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