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BOSTON, MA – EnerNOC, Inc. today announced it has increased the estimated price range for the initial public offering of 3,750,000 shares of its common stock to $23 to $25 per share. The previous price range, filed in the Company’s preliminary prospectus dated May 2, 2007, was $21 to $23 per share. Of the 3,750,000 shares offered, EnerNOC proposes to sell 3,525,000 shares and selling stockholders propose to sell 225,000 shares. EnerNOC has granted the underwriters a 30-day option to purchase up to an additional 562,500 shares to cover over-allotments, if any.
The underwriters for the offering are led by Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated as joint book-running managers, with Canaccord Adams Inc., and Jefferies & Company, Inc. acting as co-managers. The offering will be made only by means of a prospectus. A preliminary prospectus related to the offering may be obtained from either Credit Suisse Securities (USA) LLC’s Prospectus Department, One Madison Avenue, New York, NY 10010, by calling toll-free 800-221-1037, or by faxing requests to 212-325-8057, or by contacting Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, 866-718-1649, or by e-mail at prospectus@morganstanley.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
About EnerNOC, Inc.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent power solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. For more information, visit www.enernoc.com.
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