Sunnova Energy International Inc. (NOVA) to Offer 7M Shares of Common Stock

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Sunnova Announces Launch of Primary and Secondary Offering of Shares of Common Stock

November 30, 2020 4:05 PM EST

HOUSTON--(BUSINESS WIRE)-- Sunnova Energy International Inc. (Sunnova) (NYSE: NOVA) today announced that it has launched an underwritten public offering (the Offering) of 7,000,000 shares of Sunnovas common stock, par value $0.0001 per share (the common stock), which consists of 3,500,000 shares of common stock offered by Sunnova and 3,500,000 shares of common stock offered by a fund affiliated with Newlight Partners (the Selling Stockholder).

Sunnova intends to grant the underwriters a 30-day option to purchase an additional 525,000 shares of common stock, and the Selling Stockholder intends to grant the underwriters a 30-day option to purchase an additional 525,000... More