EnerNOC, Inc. Announces Pricing of Public Offering
November 14, 2007
For Immediate Release
Underwritten public offering of 2,500,000 shares at $43.00 per share
BOSTON, MA, (November 14, 2007) — EnerNOC, Inc. (NASDAQ: ENOC) announced today that it has priced an underwritten public offering of 2,500,000 shares of its common stock at an offering price of $43.00 per share. The offering includes 500,000 shares offered by EnerNOC and 2,000,000 shares offered by certain selling stockholders. EnerNOC and the selling stockholders have granted the underwriters an over-allotment option to purchase up to an aggregate of 375,000 additional shares. Credit Suisse Securities (USA) LLC is leading the underwriting syndicate for the offering. Morgan Stanley & Co. Incorporated is serving as Joint-Lead Manager and the other co-managing underwriters are Canaccord Adams Inc., Jefferies & Company, Inc., and Pacific Growth Equities, LLC.
A copy of the final prospectus related to the offering may be obtained from Credit Suisse Securities (USA) LLC’s Prospectus Department, One Madison Avenue, New York, NY 10010, by calling toll-free 800-221-1037, or by faxing requests to 212-325-8057.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release 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 their registration or qualification under the securities laws of any such state or jurisdiction.
About EnerNOC, Inc.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to utilities and electric power grid operators, as well as commercial, institutional, and industrial customers. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to utilities and grid operators on demand. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements related to the proposed offering of the Company’s common stock, in this release do not constitute guarantees of future performance and may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section “Risk Factors” in the registration statement and the Company’s most recent Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About Braemar Energy Ventures
Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to significant global impact. For more information, visit braemarenergy.com or follow @BraemarEnergy on Twitter.