Fluence Initiates Secondary Offering of Class A Common Stock via Controlling Shareholders

ARLINGTON, Va., December 5, 2023 – Fluence Energy, Inc. FLNC, a prominent global provider specializing in energy storage solutions and digital applications for renewable energy, announced the launch of an underwritten secondary selling of its Class A Common Stock. This offering is conducted by the current controlling stockholders of the company, marking a significant event for existing and potential investors.

Overview of Fluence's Market Position

FLNC is recognized for its innovative technology and services, designed to cater to the increasing demand for energy storage and renewable energy integration. With a global presence, Fluence has positioned itself as a key player in the energy sector, offering not just products, but also vital digital applications that are reshaping how renewable energy is managed and stored.

Role of the Underwriters

The offering sees a well-established group of underwriters facilitating the sale. Among them, BR, Broadridge Financial Solutions, serves the financial industry by providing corporations with critical documents and shareholder communication services. BCS, Barclays PLC, operates from London and delivers a broad range of financial services globally. Additionally, MS, Morgan Stanley, represents a powerful entity in financial advisory, given its status as a leading investment bank based in New York City.

Implications for the Market

This strategic move may have wide-reaching implications for FLNC's position in the market, potentially impacting shareholder value. The secondary offering also reflects the controlling stockholders' confidence in the company's future and its capacity to continue to innovate in the energy sector.

Fluence, Energy, Stock