Spark Energy, Inc. (NASDAQ:SPKE) Files An 8-K Other Events
On June 2, 2020, Spark Energy, Inc. (the “Company”) issued a press release announcing that it has increased the offer price and extended its previously announced tender offer (the “Offer”)>to purchase up to 1,000,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (“Series A Preferred Stock”). The Company will now pay holders of Series A Preferred Stock $22.00 per share, in cash, as opposed to an initially offered price of $18.00 per share.>In connection with the price increase, the Company has also extended the expiration time for the Offer to Tuesday, June 16, 2020. A copy of the press release is attached hereto as Exhibit 99.1, and incorporated herein by reference.
Important Additional Information
This communication is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company’s Series A Preferred Stock. The Offer is being made solely by the Offer to Purchase and the related Letter of Transmittal, as amended and supplemented. Holders of Series A Preferred Stock and investors are urged to read the Company’s tender offer statement on Schedule TO, which have been filed with the Securities and Exchange Commission (the “Commission”) in connection with the Offer, which includes as exhibits the Offer to Purchase, the related Letter of Transmittal and other offer materials, as well as any further amendments or supplements to the Schedule TO when they become available, because they contain important information. Each of these documents have been filed with the Commission, and investors may obtain them for free from the Commission at its website (www.sec.gov) or from MacKenzie Partners, Inc., the information agent for the tender offer, by telephone at: 800-322-2885 (toll-free) or 212-929-5500 or by email at: [email protected]
Spark Energy, Inc. Exhibit
EX-99.1 2 sparkenergy-pressreleasepr.htm EXHIBIT 99.1 PRESS RELEASE Exhibit NEWS RELEASESPARK ENERGY ANNOUNCES INCREASE IN TENDER OFFER PRICE AND EXTENSION OF TENDER OFFER TO PURCHASE UP TO 1,…
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About Spark Energy, Inc. (NASDAQ:SPKE)
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Company serves natural gas customers in over 10 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio and Pennsylvania, and electricity customers in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.
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