CHARLOTTE, N.C., Aug. 11, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”) announced today that it intends to offer and sell $500 million of shares of its common stock in an underwritten public offering. In addition, SPX intends to grant the underwriters a 30-day option to purchase up to an additional $75 million of shares of its common stock offered in the public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Related Questions
Will the underwriters’ option be exercised, and what are the likely pricing and demand dynamics for those additional shares?
How might the market’s perception of SPX’s growth prospects and capital needs influence the demand for the new shares?
What are the tax implications for existing shareholders who may choose to sell or hold their positions in response to the offering?
What is the expected dilution impact on existing shareholders from the $500 million offering and the additional up‑to‑$75 million underwriter option?
How will the pricing of the new shares compare to SPX’s current market price and recent trading ranges?
What is the anticipated use of proceeds—e.g., debt repayment, capital expenditures, acquisitions, or general corporate purposes?
How will the offering affect SPX’s liquidity and float, and could it lead to increased volatility in the short term?
What is the timeline for the offering’s completion and the exercise of the underwriters’ option, and how might that align with upcoming earnings releases or other corporate events?
How does the size and structure of this offering compare to recent equity raises by peer companies in the technology sector?
What are the potential impacts on SPX’s credit metrics and existing debt covenants after the capital raise?