Forgent Power Solutions, Inc.

S-1 filed

DRS filed

424B4 priced

Price $29.50 · 30,000,000 shares · Gross proceeds $885,000,000

Forgent Power Solutions, Inc. is offering 30,000,000 shares of Class A common stock, with proceeds used to purchase Opco LLC Interests. The offering includes sales by selling stockholders and the company, structured under an Up-C framework. The Tax Receivable Agreement (TRA) requires significant future cash payments to TRA Participants, impacting cash flow. The company operates through Opco, with 76.65% indirect ownership, and is a controlled company under NYSE rules.

EFFECT effective

The U.S. Securities and Exchange Commission (SEC) has declared the S-1 registration statement effective for Forgent Power Solutions, Inc., allowing the company to proceed with its initial public offering (IPO). The filing confirms the company's readiness to raise capital through the issuance of securities, with details on financial structures, debt facilities, and related-party transactions included in the disclosure.

S-1 filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of its Class A common stock, with proceeds intended to indirectly purchase Opco LLC Interests from existing owners. The company operates through an Up-C structure, with a Tax Receivable Agreement (TRA) requiring significant payments to TRA Participants upon redemption of Opco LLC Interests. The offering includes shares from selling stockholders and the company itself, with underwriters exercising an over-allotment option. The company is a controlled company under NYSE rules and an emerging growth company.

DRS filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) to sell Class A common stock, with proceeds used to purchase Opco LLC Interests. The company operates under an Up-C structure, involving complex tax implications through a Tax Receivable Agreement (TRA) requiring substantial payments to TRA Participants. The offering includes shares from both the company and selling stockholders, with underwriters managing the distribution. The filing highlights organizational changes and financial restructuring.

424B4 priced

Price $27.00 · 56,000,000 shares · Gross proceeds $1,512,000,000

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of 56,000,000 shares of Class A common stock at $27.00 per share, with net proceeds intended to indirectly purchase Opco LLC Interests. The offering includes 16,586,427 shares from the company and 39,413,573 shares from selling stockholders. The company will adopt an Up-C structure, creating a holding company with significant tax implications via a Tax Receivable Agreement (TRA), requiring substantial cash payments to TRA participants. The offering is listed on the NYSE under 'FPS', and the company will be a controlled company under NYSE rules.

8-A12B effective

Forgent Power Solutions, Inc. has filed Form 8-A12B to register its Class A common stock on the New York Stock Exchange. The registration incorporates by reference the securities description from its previously effective S-1 registration statement (File No. 333-292632). The filing confirms the company's intent to comply with Exchange Act requirements for public trading.

CERT inactive

The current filing for Forgent Power Solutions, Inc. appears to be a registration statement for securities, though the document's content is largely corrupted or non-readable. The previous filing (8-A12B) registered Class A common stock for listing on the NYSE. No clear updates or changes are visible in the current filing due to formatting issues.

EFFECT effective

Forgent Power Solutions, Inc. has filed an S-1 registration statement for its initial public offering (IPO) of 56,000,000 shares of Class A common stock, with an estimated price range of $25.00 to $29.00 per share. The offering involves a complex Up-C organizational structure, where the company will indirectly acquire Opco LLC Interests from existing owners using proceeds from the IPO. A Tax Receivable Agreement (TRA) requires significant future cash payments to TRA participants, potentially impacting cash flow. The company is an emerging growth company and intends to list on the NYSE under the symbol "FPS."

S-1/A amended

Range $25.00 to $29.00 · 56,000,000 shares

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of 56,000,000 shares of Class A common stock, including 16,586,823 shares offered by the company and 39,413,177 shares by selling stockholders. The offering aims to raise funds for indirect purchases of Opco LLC Interests and redemption of existing interests. The company will adopt an Up-C organizational structure, creating voting and economic dual-class shares. Net proceeds will be used for Opco's redemption of LLC interests, with significant tax-related obligations under a Tax Receivable Agreement.

S-1/A amended

Forgent Power Solutions, Inc. filed an S-1/A amendment to its initial registration statement, marking it as an exhibits-only filing. The amendment includes an explanatory note, Part II information, signature page, and exhibits, with no substantive changes to the prospectus. The company remains structured as an Up-C entity, with plans to list Class A common stock on the NYSE. Key elements include the Tax Receivable Agreement (TRA) obligations, organizational structure, and ongoing reliance on Opco LLC for operations.

S-1 filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, with proceeds intended to indirectly purchase Opco LLC Interests from Opco. The company will adopt an Up-C structure, making it a holding company with indirect ownership of Opco. The offering includes selling stockholders, and the company will use net proceeds to redeem Opco LLC Interests from existing owners. The Tax Receivable Agreement (TRA) requires significant cash payments to TRA Participants, which could reduce available cash flow. The company is an emerging growth company and a controlled company under NYSE rules.

DRS/A amended

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, with proceeds intended to indirectly purchase Opco LLC Interests via an Up-C structure. The offering involves two classes of stock, with Class B shares having no dividend rights. The company, an emerging growth company, will operate through Opco and is structured as a controlled company under Neos Partners, LP. The Up-C structure includes tax benefits and a Tax Receivable Agreement requiring 85% of tax savings to be paid to TRA Participants.

DRS/A amended

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, with the proceeds intended to indirectly purchase Opco LLC Interests from Opco. The company will transition to an umbrella partnership-C-corporation (Up-C) structure, becoming a holding company with indirect ownership of Opco. The offering includes two classes of stock: Class A (voting rights) and Class B (no economic interest). The Continuing Equity Owners, controlled by Neos Partners, LP, will retain significant voting and economic interests post-offering.

DRS filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of its Class A common stock, with shares offered by selling stockholders. The company, structured as a holding company, will own interests in Opco LLC through a complex corporate hierarchy. It is an emerging growth company and a controlled entity under Neos Partners, LP. The IPO follows organizational restructuring, with proceeds intended to support operations and equity ownership transitions.