Babcock & Wilcox Enterprises Prices Public Offering of 10,810,811 Shares at $18.50 Each
Babcock & Wilcox Enterprises priced an underwritten public offering of 10,810,811 shares of its common stock at a price to the public of $18.50 per share, for gross proceeds of approximately $200M, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to an additional 15% of its common stock sold in the Offering at the public offering price, less underwriting discounts and commissions. All of the shares in the Offering are being offered by B&W. The Offering is expected to close on May 18, 2026, subject to customary closing conditions. B. Riley Securities is serving as the lead book-running manager for the Offering. Craig-Hallum and Lake Street Capital Markets are acting as joint book-running managers for the Offering. Northland Capital Markets is acting as co-manager for the Offering.
