EnerNOC, Inc. Common Stock Offering
8/11/2009
Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as representatives of the several underwriters on an SEC-registered offering by EnerNOC, Inc. of 3,750,000 shares of its common stock, of which 3,040,974 shares were sold by the company and 709,026 were sold by selling stockholders. The company's net proceeds from the offering were approximately $78.4 million and the selling stockholders received net proceeds of $18.3 million. The common stock is listed on the Nasdaq Global Market under the symbol “ENOC.”
Based in Boston, Massachusetts, EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading services. EnerNOC uses its Network Operations Center, or NOC, and PowerTrak enterprise software platform to remotely manage and reduce electricity consumption across a growing network of commercial, institutional and industrial customer sites, making demand response capacity available to grid operators and utilities on demand while helping end-users of electricity achieve energy savings, environmental benefits and improved financial results.
The Davis Polk corporate team included partner Alan F. Denenberg of the Menlo Park office, associates Jeffrey Pohlman and Irina Boulyjenkova and summer associate Angela Libby. Counsel Marcie A. Goldstein provided FINRA advice. Gwendolyn P. Ranada and Amarilys Katy Barbosa were the legal assistants for the transaction. Except as noted above, all members of the Davis Polk team are based in the New York office.