Fluence Energy Files Certificate of Retirement
Ticker: FLNC · Form: 8-K · Filed: Jun 11, 2024 · CIK: 1868941
Sentiment: neutral
Topics: corporate-action, securities
Related Tickers: FLNC
TL;DR
Fluence retired some stock, less dilution incoming.
AI Summary
Fluence Energy, Inc. filed an 8-K on June 11, 2024, reporting a Certificate of Retirement dated June 6, 2024. This filing indicates the retirement of certain securities, though specific details on the type and value of retired securities are not provided in this excerpt.
Why It Matters
This filing signals a reduction in outstanding securities, which could impact share count and potentially influence future financial metrics.
Risk Assessment
Risk Level: low — The filing is procedural and does not indicate any negative financial events or operational changes.
Key Players & Entities
- Fluence Energy, Inc. (company) — Registrant
- June 6, 2024 (date) — Date of earliest event reported
- June 11, 2024 (date) — Date of report filing
FAQ
What specific securities were retired by Fluence Energy, Inc.?
The provided excerpt does not specify the exact type or quantity of securities retired, only that a Certificate of Retirement was filed.
What was the effective date of the security retirement?
The earliest event reported, the date of the Certificate of Retirement, was June 6, 2024.
What is the purpose of filing a Certificate of Retirement?
A Certificate of Retirement is typically filed to formally acknowledge the cancellation or retirement of issued securities, such as treasury stock or repurchased shares.
Does this filing indicate any financial distress for Fluence Energy?
No, this filing is procedural and relates to the retirement of securities, not a financial distress event.
Where is Fluence Energy, Inc. headquartered?
Fluence Energy, Inc. is headquartered at 4601 Fairfax Drive, Suite 600, Arlington, Virginia 22203.
Filing Stats: 761 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-06-11 16:20:06
Key Financial Figures
- $0.00001 — which registered Class A Common Stock, $0.00001 par value per share FLNC The Nasdaq Glo
Filing Documents
- flnc-20240606.htm (8-K) — 32KB
- fluence-certificateofretir.htm (EX-3.1) — 9KB
- 0001868941-24-000049.txt ( ) — 171KB
- flnc-20240606.xsd (EX-101.SCH) — 2KB
- flnc-20240606_lab.xml (EX-101.LAB) — 23KB
- flnc-20240606_pre.xml (EX-101.PRE) — 13KB
- flnc-20240606_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On June 6, 2024, Fluence Energy, Inc. (the "Company") filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire an aggregate of 65,674,195 shares of Class B-1 common stock, par va lue $0.00001 per share, of the Company (the "Class B-1 Common Stock"). As previously reported on July 7, 2022, 58,586,695 of the Class B-1 Common Stock were surrendered and transferred to the Company in connection with a redemption by Siemens Industry, Inc. pursuant to the terms of the Third Amended and Restated Limited Liability Company Agreement of Fluence Energy, LLC (the "LLC Agreement") with respect to its entire holding of 58,586,695 common units of Fluence Energy, LLC, the sole direct subsidiary of the Company, which the Company elected to settle through the issuance of 58,586,695 shares of the Company's Class A common stock, par value $0.00001 per share ("Class A Common Stock"). As previously reported on December 8, 2023, 7,087,500 of the Class B-1 Common Stock were surrendered and transferred to the Company in connection with a redemption by AES Grid Stability, LLC pursuant to the terms of the LLC Agreement with respect to 7,087,500 common units of Fluence Energy, LLC which the Company elected to settle through the issuance of 7,087,500 shares of the Company's Class A Common Stock. The Company's Amended and Restated Certificate of Incorporation provides that any shares of Class B-1 Common Stock transferred and surrendered to the Company shall automatically be cancelled and retired and such shares shall not be re-issued by the Company. Effective upon filing, the Certificate of Retirement amended the Amended and Restated Certificate of Incorporation of the Company to reduce the total authorized number of shares of capital stock of the Company by 65,674,195 shares. The total number of authorized shares of the Company is now 1,544,325,805, such shares consisting
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 3.1 Certificate of Retirement of 65,674,195 shares of Class B-1 Common Stock 104 Cover Page Interactive Data File formatted in iXBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FLUENCE ENERGY, INC. Date: June 11, 2024 By: /s/ Francis A. Fuselier Francis A. Fuselier Senior Vice President, General Counsel and Secretary