Sunnova Announces Launch of Offering of Shares of Common Stock
August 14 2023 - 5:15AM
Business Wire
Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today
announced that it has launched an underwritten public offering (the
“Offering”) of $75.0 million of Sunnova’s common stock, par value
$0.0001 per share (the “common stock”).
Sunnova intends to grant the underwriters a 30-day option to
purchase up to $11.25 million of additional common stock.
Goldman Sachs & Co. LLC is acting as the book-running
manager of the Offering.
Sunnova has filed a shelf registration statement on Form S-3
relating to the Offering (including a prospectus) with the
Securities and Exchange Commission (the “SEC”) that became
effective upon filing. The shares will be issued and sold pursuant
to such effective registration statement. A preliminary prospectus
supplement relating to the Offering will also be filed with the
SEC. Before you invest, you should read the prospectus, the
preliminary prospectus supplement and other documents that Sunnova
may file with the SEC for more complete information about Sunnova
and this Offering. A copy of the preliminary prospectus supplement
relating to the Offering, when available, may be obtained from
Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile:
212-902-9316, Email: Prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or Sunnova’s future financial or operating performance. In
some cases, you can identify forward-looking statements because
they contain words such as “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “going to,” “could,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential” or “continue” or the negative of these words or other
similar terms or expressions that concern Sunnova’s expectations,
strategy, priorities, plans or intentions. Forward-looking
statements in this press release include, but are not limited to,
statements regarding the expectations in connection with the
Offering and the size and terms of the Offering. Sunnova’s
expectations and beliefs regarding these matters may not
materialize, and actual results in future periods are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected, including supply chain
uncertainties, results of operations and financial position,
Sunnova’s competition, changes in regulations applicable to
Sunnova’s business, fluctuations in the solar and home-building
markets, availability of capital and Sunnova’s ability to attract
and retain dealers and customers and manage its dealer and
strategic partner relationships. The forward-looking statements
contained in this press release are also subject to other risks and
uncertainties, including those more fully described in Sunnova’s
filings with the SEC, including Sunnova’s annual report on Form
10-K for the year ended December 31, 2022 and subsequent quarterly
reports on Form 10-Q. The forward-looking statements in this press
release are based on information available to Sunnova as of the
date hereof, and Sunnova disclaims any obligation to update any
forward-looking statements, except as required by law.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading
Energy as a Service (EaaS) provider with customers across the U.S.
and its territories. Sunnova’s goal is to be the source of clean,
affordable and reliable energy with a simple mission: to power
energy independence so that home and business owners have the
freedom to live life uninterrupted®.
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version on businesswire.com: https://www.businesswire.com/news/home/20230813790892/en/
Media Contact Kelsey
Hultberg Kelsey.hultberg@sunnova.com
Investor & Analyst
Contact Rodney McMahan Rodney.McMahan@sunnova.com
281.971.3323
Sunnova Energy (NYSE:NOVA)
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