|
BOSTON, MA, October 29, 2007 – EnerNOC, Inc. (NASDAQ: ENOC) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed offering of 4,000,000 shares of its common stock. It is expected that 800,000 of the shares will be offered by EnerNOC and 3,200,000 shares will be offered by certain selling stockholders. The selling stockholders expect to grant the underwriters an over-allotment option to purchase up to
600,000 additional shares.
The Company intends to use the net proceeds it receives in the proposed offering to fund the expansion of its business into new regions and expand its customer base, to finance research and development, to fund cash consideration for future
acquisitions, and for other general corporate purposes. The Company will not receive any proceeds from the sale of shares by
the selling stockholders.
The offering will be made through an underwriting syndicate led by Credit Suisse Securities (USA) LLC. Morgan Stanley & Co. Incorporated will serve as Joint-Lead Manager. The other co-managing underwriters are expected to be Canaccord Adams Inc., Jefferies & Company, Inc., and Pacific Growth Equities, LLC. The offering will be made only by means of a prospectus. When
available, a preliminary prospectus related to the offering may be obtained from 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.
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 energy solutions to utilities and electric power grid operators, as well as commercial, institutional, and industrial customers. 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 utilities and grid
operators on demand.
Safe Harbor Statement
Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or
prospects, including, without limitation, statements relating to use of proceeds and other matters related to the proposed
offering of the Company’s common stock, in this release do not constitute guarantees of future performance and may
constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,”
“estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may
provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to
under the section “Risk Factors” in the registration statement and the Company’s most recent Quarterly Report on Form 10-Q,
as amended, as filed with the Securities and Exchange Commission, as well as other documents that may be filed by EnerNOC
from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the
Company’s actual results may differ materially from any future results, performance or achievements discussed in or implied by
the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and
assumes no obligations to update the information included in this press release or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law. |
