Financing ·
ERock, Inc. completed its initial public offering of 27,906,977 shares of Class A Common Stock at $21.50 per share…
EROCERock, Inc.
ERock, Inc. completed its initial public offering of 27,906,977 shares of Class A Common Stock at $21.50 per share, raising approximately $369.3 million in net proceeds. The company used the proceeds to purchase Class A and Class B units from ER Holdings, repay $33 million in debt and fees, and fund a cash payment to Energy Impact Fund (FT-B) LP. Additionally, the company appointed several new directors to its Board of Directors and adopted the 2026 Equity Incentive Plan and an Executive Severance Plan. ERock, Inc. is an energy-focused investment holding company.