- Start
- May 18, 202690% CONFIDENCEfrom the source
Babcock & Wilcox Closes $230 Million Stock Offering
- B&W closed its underwritten public offering on 18 May 2026: 12,432,432 shares at $18.50 each, for gross proceeds of about $230 million[1][3].
- It launched the deal on 14 May as a $200 million offering and priced 10,810,811 shares on 15 May; the underwriters then took their full option on 1,621,621 more shares[1][4][6].
- The $18.50 price was below the $21.22 last sale on 14 May, the day the deal was launched[5].
- Applied Digital, which gave B&W a limited notice to proceed on AI data centre power work in November 2025[5], bought about 540,500 shares, and its CEO Wes Cummins said B&W is "well positioned to capitalize on growing demand for power infrastructure supporting AI"[1].
- Under its credit agreement B&W first uses the money to prepay its bank loans, then plans to borrow it again for steam turbine and boiler production capacity, AI data centre power projects, BrightLoop commercialisation, possible aftermarket acquisitions and its balance sheet[1][5].
- B&W received $218.2 million after $11.8 million of underwriting discounts and commissions; B. Riley Securities led the deal with Craig-Hallum and Lake Street as joint bookrunners and Northland as co-manager[1][2].
References 687% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%babcock.com/home/about/corporate/news/babcock-and-wilcox-enterprises-announces-closing-of-common-stock-offeringbabcock.com· Posted Sep 23, 2026· Starts May 18, 2026 ✓· 23% of score
Stated as done in the release datelined "AKRON, Ohio – May 18, 2026", which "announced today the closing of its previously announced underwritten public offering"; the 8-K says "The Offering was consummated on May 18, 2026."
- [2]80%Babcock & Wilcox Form 10-Q for the quarter ended 30 June 2026sec.gov· Published Aug 10, 2026· 20% of score
Reports the completed offering: 12.4 million shares issued on 18 May 2026 for proceeds of $218.2 million after $11.8 million of underwriting discounts and commissions.[1]
- [3]95%Babcock & Wilcox Form 8-K (18 May 2026): underwriting agreement and closing of the offeringsec.gov· Published May 18, 2026· 14% of score
B&W's filing: underwriting agreement with B. Riley dated 14 May, offering consummated on 18 May 2026 with 12,432,432 shares issued including the full 1,621,621-share option.[1]
- [4]90%Babcock & Wilcox Enterprises Announces Pricing of Common Stock Offeringbabcock.com· Published May 15, 2026· 14% of score
B&W's pricing release: 10,810,811 shares at $18.50 for about $200 million gross, expected to close on 18 May 2026.[1]
- [5]85%Babcock & Wilcox prospectus supplement (424B5): 10,810,811 shares of common stocksec.gov· Published May 15, 2026· 14% of score
The final prospectus: last sale price of $21.22 on 14 May 2026, and that the Credit Agreement requires equity proceeds first to prepay its loans before they are reborrowed.[1]
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
