Fervo Energy Acquired | Energy M&A Deal

Fervo Energy has priced its upsized initial public offering, a renewable energy business in Houston, for $27.00 per share. Fervo Energy is a renewable energy company focused on developing and operating clean power projects, supporting broader renewable energy acquisition and energy M&A strategies. The IPO includes 70,000,000 shares of Class A common stock, with an additional 10,500,000-share underwriter option, and is expected to begin trading on Nasdaq under ticker FRVO on May 13, 2026. As an other acquisition-style capital raise rather than a traditional Fervo Energy acquisition, the deal provides growth funding for expansion and potential other acquisition opportunities, with expected closing on May 14, 2026. Joint lead bookrunning managers include J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays.