Forgent Power Solutions, Inc.

424B4 priced

Forgent Power Solutions, Inc. is offering 30,000,000 shares of Class A common stock, with 20,688,874 shares sold by selling stockholders and 9,311,126 shares by the company. Proceeds will be used to indirectly purchase Opco LLC Interests, which will then be used to redeem interests from existing owners. The company operates under an Up-C structure, with significant obligations under a Tax Receivable Agreement (TRA) requiring payments of 85% of tax savings from future redemptions, potentially reducing cash flow. The offering price is $29.50 per share, with underwriters' discounts and additional share options outlined.

EFFECT effective

Forgent Power Solutions, Inc. has received notice of effectiveness for its S-1 registration statement, indicating the SEC has accepted the filing for its upcoming IPO. The filing includes details about the company's financial structure, related party transactions, and debt obligations, with specific dates and terms related to credit facilities and subsequent events.

S-1 filed

Forgent Power Solutions, Inc. is conducting an IPO, transitioning from a draft registration statement (DRS) to a formal S-1 filing. The company operates through an Up-C structure, with a holding company owning 76.65% of Opco LLC Interests. Key elements include a Tax Receivable Agreement (TRA) obligating 85% of tax savings from Opco LLC Interest redemptions, a controlled company status under NYSE rules, and emerging growth company status with reduced reporting requirements. The IPO aims to fund Opco LLC Interest purchases and redemption transactions.

DRS filed

Forgent Power Solutions, Inc. is conducting a secondary offering of Class A common stock, including shares from selling stockholders and the company itself. The offering aims to indirectly purchase Opco LLC Interests from Opco, with proceeds used to redeem Opco LLC Interests from existing owners. The company operates under an Up-C structure, with significant tax obligations under a Tax Receivable Agreement (TRA) that could impact cash flow. The filing includes details on ownership changes, organizational structure, and risk factors related to the TRA and controlled company status.

424B4 priced

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 used to indirectly purchase Opco LLC Interests. The offering involves a complex Up-C organizational structure, creating a holding company with 75.83% ownership of Opco LLC. The company will operate through Opco, which holds controlling interests in PwrQ and States. A Tax Receivable Agreement (TRA) requires substantial future cash payments to TRA Participants, reducing available cash flow. The company is an emerging growth company and a controlled entity under NYSE rules.

8-A12B effective

Forgent Power Solutions, Inc. filed Form 8-A12B to register Class A common stock on the New York Stock Exchange, referencing its prior S-1 registration statement (File No. 333-292632). The filing confirms the company's intent to list shares under Section 12(b) of the Securities Exchange Act, building on its earlier IPO-related registration.

EFFECT effective

Forgent Power Solutions, Inc. has received effectiveness for its S-1 registration statement, paving the way for an initial public offering (IPO) of 56,000,000 shares of Class A common stock. The offering includes shares from selling stockholders and aims to fund the purchase of Opco LLC Interests. The company will adopt an Up-C structure, creating significant tax-related obligations via a Tax Receivable Agreement (TRA), which requires substantial cash payments to TRA participants. The IPO pricing is estimated between $25.00 and $29.00 per share, with shares expected to trade on the NYSE under 'FPS'.

S-1/A amended

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 establish an Up-C organizational structure, which involves a holding company (Forgent Power Solutions) indirectly owning 75.83% of Opco LLC Interests. The company plans to use proceeds to redeem Opco LLC Interests from existing owners, while the Tax Receivable Agreement (TRA) obligates significant cash payments to TRA participants based on tax savings from redemptions. The IPO price is estimated between $25.00 and $29.00 per share, with listing on the NYSE under 'FPS'.

S-1/A amended

The S-1/A filing for Forgent Power Solutions, Inc. represents an exhibits-only amendment to the initial S-1 registration statement, omitting most of the prospectus content and focusing on regulatory filings, signatures, and exhibits. The core offering details, including the Up-C structure, tax receivable agreements, and organizational risks, remain unchanged from the previous S-1 filing.

S-1 filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, transitioning to an Up-C organizational structure. The offering involves indirect purchases of Opco LLC Interests, with tax benefits and obligations outlined in a Tax Receivable Agreement (TRA). The company will be a controlled company under NYSE rules, and net proceeds will fund Opco's redemption of LLC interests. The IPO includes detailed ownership percentages and underwriter information.

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. The company will transition to an Up-C structure, becoming a holding company with indirect ownership of Opco. The offering involves two classes of stock, with Class B shares having no dividend rights. The IPO follows organizational changes, including the redemption of Opco LLC Interests by Continuing Equity Owners. The company is an emerging growth company and a controlled company under corporate governance rules.

DRS/A amended

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, with shares offered by selling stockholders. The company will restructure into an umbrella partnership-C corporation (Up-C) structure, becoming a holding company with indirect ownership of Opco LLC Interests. Net proceeds from the IPO will be used to purchase Opco LLC Interests, which will then be redeemed by Continuing Equity Owners. The offering includes two classes of stock: Class A (voting rights) and Class B (no dividend rights). The company is an emerging growth company and will be a 'controlled company' under corporate governance rules.

DRS filed

Forgent Power Solutions, Inc. is conducting an initial public offering (IPO) of Class A common stock, with no prior public market for its shares. The offering involves selling stockholders and includes a dual-class share structure, where Class A shares have voting rights but no dividend entitlement for Class B shares. The company will be a holding company, indirectly owning Opco LLC Interests through organizational transactions. The offering is led by Jefferies, with an estimated price range and potential underwriter options. The company is classified as an emerging growth company and a controlled entity under Neos Partners, LP.