Deal Details

Bel Fuse Completes $458.9 Million Follow-On Offering

Industrial

Bel Fuse follow-on offering

Summary

Bel Fuse, Inc. (“Bel Fuse" or "Bel”) (NASDAQ: BELFA and BELFB) recently announced the pricing of an upsized underwritten public offering of 1,725,000 shares of Bel’s Class B common stock, including 225,000 Class B shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares at a price of $266.00 per share (the “Offering”). The Offering generated approximately $458.9 million in primary gross proceeds to Bel. Bel intends to use the net proceeds from the Offering to repay debt, fund the remaining 20% acquisition of Enercon Technologies, Ltd. or other acquisitions or partnership opportunities and for general corporate purposes.

Baird served as a bookrunner on the Offering.

Key Offering Metrics

Launch Date - May 12, 2026
Pricing Date - May 13, 2026
Exchange / Ticker - NASDAQ / BELFA and BELFB
Class B Shares Offered - 1,500,000
Offer Price - $266.00
Base Offering Size - $399.0 million (100% primary)
Overallotment Option - $59.9 million (100% primary)
Total Offering Size - $458.9 million
Pre-Deal Market Cap - $3.7 billion
Discount to Last Trade - (0.3%)
File-to-Offer Discount - (10.8%)
Base Deal Size as a % of Pre-deal Market Cap - 10.7%
Execution - 1-Day Marketed Follow-on

About

Bel designs, manufactures and markets critical electronic components, systems and solutions for customers in aerospace, defense, industrial and data-driven markets. Understanding that customers face increasingly complex technical challenges, Bel delivers a comprehensive portfolio of solutions including power systems, high-reliability connectors and cable assemblies, circuit protection and networking products that enable Original Equipment Manufacturers to bring their innovations to market. Bel partners closely with customers to deliver both customized and standard solutions tailored to their specific applications and performance requirements. With manufacturing facilities and technical support teams worldwide, Bel serves as a strategic partner to customers who require proven reliability in demanding end markets. Bel is headquartered in West Orange, New Jersey.

Industrial

Bel Fuse follow-on offering