Nextracker announces launch of offering of class a common stock

Fremont, calif.--(business wire)--nextracker inc. (nasdaq: nxt), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its class a common stock (“common stock”) offered by nextracker and 2,289,489 shares of common stock offered by certain stockholders of nextracker. the underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of common stock from nextr.
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