Vertiv Holdings, a global provider of critical digital infrastructure and continuity solutions, has announced the commencement of a secondary offering of up to 20 million shares of its Class A common stock. The offering is being conducted by VPE Holdings, an affiliate of Platinum Equity, and is made under an effective registration statement filed with the Securities and Exchange Commission (SEC).
The closing of the offering is expected to take place on or around August 9, 2023, subject to customary closing conditions. It is important to note that Vertiv is not selling any shares of Class A common stock in the offering and will not receive any proceeds from it. BofA Securities is acting as the sole underwriter for the offering.
Vertiv has filed a registration statement with the SEC for the offering, and investors are advised to read the prospectus included in the registration statement for more comprehensive information about the company and the offering. The prospectus and other relevant documents can be obtained for free on the SEC website or by contacting BofA Securities.
It is worth noting that Vertiv is a leading provider of hardware, software, analytics, and ongoing services that ensure the continuous and optimal performance of vital applications for its customers. The company offers a comprehensive portfolio of power, cooling, and IT infrastructure solutions that cater to data centers, communication networks, and commercial and industrial facilities worldwide.
This news release contains forward-looking statements that are subject to various risks and uncertainties. Vertiv cautions that these statements are based on current expectations and beliefs and are subject to change. Actual results may vary materially from projected results due to factors such as market conditions and the company’s ability to execute its business strategy.
In conclusion, Vertiv Holdings has initiated a secondary offering of its Class A common stock in partnership with Platinum Equity. The offering, conducted by VPE Holdings, is subject to customary closing conditions and is expected to be completed in August 2023. Vertiv urges prospective investors to review the registration statement and prospectus for further details. The company is a global provider of critical digital infrastructure solutions and aims to ensure the continuous operation and growth of its customers’ vital applications.
