SPX Technologies prices $500 million stock offering at $188 per share

SPX Technologies Inc. (NYSE: SPXC) announced the pricing of an underwritten public offering of 2,659,575 shares of common stock at $188.00 per share. The company expects to receive approximately $500.0 million in gross proceeds before deducting underwriting discounts, commissions and offering expenses.

The Charlotte, North Carolina-based company granted underwriters a 30-day option to purchase up to an additional 398,936 shares. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions.

BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering. TD Cowen and Truist Securities are also acting as book-running managers. Citizens Capital Markets, Fifth Third Securities, PNC Capital Markets LLC, Oppenheimer & Co., Scotiabank, William Blair, B. Riley Securities, Seaport Global Securities, and Wolfe Capital Markets and Advisory are serving as co-managers.

The shares are being offered through an effective automatic shelf registration statement previously filed with the U.S. Securities and Exchange Commission. A prospectus supplement and accompanying prospectus will be filed with the SEC.

SPX Technologies is a supplier of engineered products and technologies in HVAC and detection and measurement markets. The company has over 4,300 employees in more than 16 countries.

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