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Forgent Power Solutions Reveals Public Offering of Class A Common Stock; Offering Includes 20,688,335 Shares By Selling Stockholders And 9,311,665 Shares By Forgent

Benzinga·03/24/2026 21:48:36
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Forgent Power Solutions, Inc. (NYSE:FPS) ("Forgent" or the "Company"), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced a public offering of its Class A common stock. The offering consists of 20,688,335 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 9,311,665 shares of Class A common stock being offered by Forgent. In addition, the Selling Stockholders and the Company intend to grant the underwriters a 30-day option to purchase up to an additional 3,103,250 shares and 1,396,750 shares, respectively, of Class A common stock at the public offering price, less underwriting discounts and commissions.