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FINWIRES

Fluence Energy Stockholders Launch Public Stock Offering

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Fluence Energy (FLNC) said Tuesday its controlling stockholders are launching an underwritten public offering of 20 million shares of Class A common stock.

The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 3 million shares.

Fluence said it is not selling any shares in the offering and will not receive any proceeds from the transaction.

Shares of Fluence Energy were down nearly 16% in Tuesday trading.

Price: $21.25, Change: $-3.99, Percent Change: -15.79%

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