[Context: Forum Energy Technologies (NYSE: FET), which was backed by SCF Partners and Tinicum, is selling 7 million shares of common stock. SCF Partners Tinicum plan to sell an aggregate of 3.5 million shares as part of that offering. At current stock prices, that could result in more than $80m in proceeds.]
Forum Energy Technologies Announces Public Offering of Common Stock
December 05, 2016 04:10 PM Eastern Standard Time
HOUSTON–(BUSINESS WIRE)–Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today the commencement of a registered underwritten public offering by the Company and certain funds affiliated with SCF Partners and Tinicum (collectively, the “Selling Stockholders”) of an aggregate of 7,000,000 shares of the Company’s common stock, of which 3,500,000 shares are being offered by the Company and 3,500,000 shares are being offered by the Selling Stockholders.