Latham & Watkins Advises on Solaris Energy Infrastructure’s Public Offering

Solaris Energy Infrastructure, Inc. announced the pricing of its underwritten public offering of 6,500,000 shares of its Class A common stock at a public offering price of US$24.75 per share, for total net proceeds of approximately US$156 million. In connection with the offering, Yorktown Energy Partners X, L.P., a selling stockholder of the company, has granted the underwriters the option to purchase up to an additional 975,000 shares of Class A common stock on the same terms and conditions within 30 days. The offering is expected to close on December 11, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the transaction with a corporate team led by Houston partner Ryan Maierson, with associates Sydney Verner, Cooper Shear, and Mary Kline. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Molly Elkins; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with associate Kellye Quirk; and on data privacy matters by Houston/Austin counsel Robert Brown.