Fluence Announces Full Exercise of IPO Closing and Additional Share Acquisition Options under Leading Leads… Total $998.2 million raised

Arlington, VA–(Business Wire / Korea Newswire) November 03, 2021 — Fluence Energy, Inc. (Nasdaq: FLNC) announces that its underwriter has fully exercised its option to acquire additional Class A common stock. The company announced on the 2nd that it had closed the initial public offering (IPO) of 35.65 million shares of Class A common stock.

The IPO price was $28 per share.

Fluence Energy is a leading global provider of energy storage products and services, and digital applications for renewable energy and storage. The IPO raised approximately $998.2 million (before deducting organizer discounts, commissions and other public offering costs). Fluence shares began trading on the Nasdaq Global Select Market on September 28, 2021, under the ticker code FLNC.

JP Morgan Securities LLC, Morgan Stanley, Barclays Capital Inc. and Bank of America Security acted as lead lead underwriters. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Securities, LLC, Evercore Group LLC, HSBC Securities (USA) ) Inc.) and RBC Capital Markets, LLC acted as co-leaders. Nomura Securities International, Inc., Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc., Seaport Global Security (Seaport Global Securities LLC), Penserra Securities LLC and Siebert Williams Shank & Co., LLC served as co-operators.

The IPO is proceeding only according to the prospectus. Copies of the final prospectus for the IPO are available from the companies listed below.

JP Morgan Security
Responsible Department: Broadridge Financial Solutions
주소: 1155 Long Island Avenue, Edgewood, NY 11717,
Phone: 866-803-9204
Email: [email protected]

Morgan Stanley & Co. LLC
Department in charge: Prospectus Department
주소: 180 Varick Street, 2nd Floor, New York, NY 10014

Barclays Capital
Responsible Department: Broadridge Financial Solutions
주소: 1155 Long Island Avenue, Edgewood, New York 11717
Phone: (888) 603-5847
Email: [email protected]

Bank of America Security
Responsible Department: Investment Accounting Department
주소: NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001
Email: [email protected]

The U.S. Securities and Exchange Commission (SEC) entered into force on October 27, 2021, the filing of an IPO securities filing by Fluence. This press release does not constitute an offer to sell or an offer to buy any stock, and no such offer may be sold in any state or jurisdiction where such offer, solicitation or sale is illegal prior to registration or approval under the securities laws of that state or jurisdiction.

About Fluence

Fluence, a Siemens and AES company, is a global market leader in providing digital applications for energy storage products and services, renewable energy and storage. Fluence has built or won more than 3.4 GW of energy storage products in 29 markets worldwide and has optimized or awarded more than 4.5 GW of wind, solar and storage assets in Australia and California, USA. Through its products, services and AI-powered Fluence IQ platform, Fluence is helping customers worldwide drive a more resilient electricity grid and usher in a more sustainable future.

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