Bel Fuse prices upsized public offering at $266 per share

Bel Fuse Inc. (NASDAQ: BELFA and BELFB) announced the pricing of its upsized public offering of 1.5 million shares of Class B common stock at $266.00 per share. The electronic components manufacturer expects to raise approximately $399 million in gross proceeds before underwriting fees and expenses.

The company granted underwriters a 30-day option to purchase up to 225,000 additional shares at the same price, less underwriting discounts. The offering is scheduled to close on May 15, 2026, subject to customary closing conditions.

Bel stated it plans to use net proceeds to pay down outstanding debt under its Credit and Security Agreement, fund the remaining 20% acquisition of Enercon Technologies Ltd., pursue other acquisition or partnership opportunities, and for general corporate purposes.

Citigroup, BofA Securities, and Wells Fargo Securities serve as joint lead book-running managers for the transaction. Needham & Company, Oppenheimer & Co., Baird and BMO Capital Markets act as joint book-running managers, while Craig-Hallum and Northland Capital Markets serve as co-managers.

The offering proceeds under an automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on May 12, 2026. The West Orange, New Jersey-based company manufactures electronic components, systems and solutions for aerospace, defense, industrial, and data-driven markets.

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