New Fortress Energy Announces Conversion to Single Class of Common Shares
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Tuesday, June 9, 2020
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New Fortress Energy LLC (NASDAQ: NFE) (New Fortress or the Company) announced that on June 10, 2020, all outstanding shares of Class B common stock will be converted into Class A common shares, which are the publicly traded shares of the Company.
Key Points:
- New Fortress Energy LLC (NASDAQ: NFE) (New Fortress or the Company) announced that on June 10, 2020, all outstanding shares of Class B common stock will be converted into Class A common shares, which are the publicly traded shares of the Company.
- After the conversion, New Fortress will have a single class of Class A common shares in an effort to simplify the share structure and create greater transparency for all shareholders.
- New Fortress Energy is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy.
- New Fortress Energy is majority-owned by a fund managed by an affiliate of Fortress Investment Group.