Array technologies, inc. announces pricing of secondary offering of 31,054,971 shares

Albuquerque, n.m., march 18, 2021 (globe newswire) -- array technologies, inc. (nasdaq: arry) (the “company”) today announced the pricing of a secondary offering by a stockholder of the company controlled by oaktree capital (the “selling stockholder”) of 31,054,971 shares of common stock of the company at a price to the public of $28.00 per share. in addition, the selling stockholder granted the underwriters a 30-day option to purchase up to an additional 4,420,486 shares at the public offering price, less underwriting discounts and commissions. the company will not receive any proceeds from the sale of shares by the selling stockholder. the company's common stock is listed on the nasdaq global market under the symbol “arry.” the offering is expected to close on march 23, 2021, subject to customary closing conditions.
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