UPDATE: Stifel Upgrades Eneti Inc (NETI) to Buy

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Go back to UPDATE: Stifel Upgrades Eneti Inc (NETI) to Buy

Eneti Inc. (NETI) Prices 19.44M Share Offering at $9/sh

November 12, 2021 5:46 AM EST

Eneti Inc. (NYSE: NETI) announced today that it has priced its previously announced underwritten public offering (the Offering) of 19,444,444 shares of its common stock, par value $0.01 per share (the Common Shares), at $9.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,916,667 Common Shares. The Offering will result in gross proceeds to the Company of approximately $175.0 million (or approximately $201.2 million if the underwriters option to purchase additional Common Shares is exercised in full) prior to deducting underwriting discounts, commissions and other offering expenses. As part of the Offering, Scorpio... More