Infrastructure and Energy Alternatives, Inc. (IEA) to Offer Common Stock for Holders

February 3, 2021 6:03 PM EST

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Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) announced that it has launched an underwritten offering of common stock to be sold by Infrastructure and Energy Alternatives, LLC (the “Selling Stockholder”), an affiliate of funds managed by Oaktree Capital Management, L.P. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 15% of the shares sold in the offering at the public offering price, less underwriting discounts and commissions.

IEA is not selling any shares of common stock and will not receive any proceeds from this offering.

Guggenheim Securities is acting as the sole book-running manager for the offering. Stifel and D.A. Davidson & Co. are acting as co-managers.

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