FINDLAY, Ohio–(BUSINESS WIRE)–One Power Company (“One Power”), an industrial power company, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A Common Stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering. The number of shares to be offered and the price range for the offering have not yet been determined.
One Power intends to list its Class A Common Stock on the New York Stock Exchange under the ticker symbol “ONE.”
Stifel is acting as the lead book-running manager for the proposed offering.
The proposed offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering, when available, may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department, email: [email protected].
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy, 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.
About One Power
One Power is a vertically integrated industrial power company that develops, builds, owns, and operates on-site power solutions for large and emerging industrial customers. One Power’s experienced team builds and operates MW-scale, mission-critical, high-voltage power systems outside its customers’ facility walls to deliver grid and renewable, behind-the-meter power to its customers. One Power develops and delivers a range of large-scale power solutions to its industrial customers, including Megawatt Hubs, Wind for Industry®, ManagedHV®, and Net Zero projects.
Founded in 2009, One Power is a Utility 2.0 company, and believes it is the largest installer and owner of behind-the-meter wind energy in the United States.
Contacts
For Investors:
John Ragozzino Jr., CFA
ICR, Inc.
For Media:
Matt Dallas
ICR, Inc.
