Forgent Power Solutions Inc Ordinary Shares - Class A

Forgent Power Solutions is benefiting from rising demand for power distribution equipment for AI data centers, posting a 94% revenue increase in the fourth quarter. The company reports a marked improvement in net income and a record backlog of orders that supports expected long-term demand and planning visibility. The results counter concerns about production capacity and bolster the fundamental growth story in the energy infrastructure sector. » More on finanzen.net

Options market data show that Forgent Power Solutions' stock is being priced for an implied move of around 15% after the results release on Sept. 15. The company will release the figures before the market opens. In the last two reports the actual price movement differed noticeably from the implied volatility (May 14: implied 9.7% vs. actual move 17.6%; March 16: implied 13.3% vs. actual move 9.2%). » More on de.investing.com

Forgent Power Solutions has completed a public placement of a total of 43,650,000 common shares; 29,094,075 shares were sold by selling shareholders controlled by Neos Partners and 14,555,925 shares were sold by Forgent itself. The offering price was $49.00 per share; the company received no proceeds from the sale by the selling shareholders. Forgent will use the net proceeds from the sale of its own shares to repurchase interests in an operating subsidiary held by existing Neos-controlled shareholders, and the offering expenses will be borne or reimbursed by the subsidiary. » More on de.investing.com