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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 26, 6:24 PM

Slide #6. Enphase Energy, Inc. Secondary Offering

Company: Enphase Energy, Inc. (NASDAQ:ENPH)
Date announced: 9/22/2016
Shares Offered: 13,000,000
Date of Pricing: 9/23/2016
Price Per Share: $1.20
Secondary Offering Details: Enphase Energy, Inc. (NASDAQ: ENPH), today announced that it intends to offer and sell shares of its common stock, subject to market and other conditions, in an underwritten public offering. Enphase also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. Enphase anticipates using the net proceeds from the proposed offering for general corporate purposes, including working capital. -updated 9/23- Enphase Energy Inc. (NASDAQ: ENPH), today announced the pricing of the previously announced underwritten public offering of 13,000,000 shares of its common stock, offered at a price to the public of $1.20 per share. Certain directors, officers, and employees of Enphase are expected to purchase approximately $1.2 million of common stock in this offering. Enphase expects the gross proceeds from this offering to be approximately $15,600,000, before deducting the underwriting discount and other estimated offering expenses payable by Enphase. Enphase has granted the underwriters a 30-day option to purchase at the public offering price up to an aggregate of 1,950,000 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on or about September 28, 2016, subject to customary closing conditions. Enphase anticipates using the net proceeds from the proposed offering for general corporate purposes, including working capital.

Enphase Energy and subsidiaries designs, develops, and sells microinverter systems for the solar photovoltaic industry. Co.'s semiconductor-based microinverter system converts direct current electricity to alternating current electricity at the individual solar module level, and brings a system-based approach to solar energy generation using its design capability across power electronics, semiconductors, networking and embedded and cloud-based software technologies. Co.'s microinverter system consists of three main components: its Enphase microinverter, Envoy gateway and Enlighten cloud-based software.
Open the ENPH Page at The Online Investor »

Company Name:  Enphase Energy Inc.
Website:  www.enphase.com
Sector:  Semiconductors
Number of ETFs Holding ENPH:  4
Total Market Value Held by ETFs:  $474384
Total Market Capitalization:  $78.00M
% of Market Cap. Held by ETFs:  0.61%
 

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September 26, 2016    6:24 PM Eastern
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