Underwriters of SparkEnergy Inc.'s secondary offeringhave fully exercised their overallotment option to purchase an additional225,000 shares.
The shares were sold by Retailco LLC. In total, Retailcosold 1,775,000 shares at a public offering price of $18 per share, or $17.10per share, net of underwriting discounts and before expenses.
At the close of the offering on April 4, RetailCo owned 571,264class A shares and 7,887,500 class B shares. Spark Energy did not receive anyproceeds from the offering.
RetailCo is wholly indirectly owned by Spark Energy Chairmanand founder W. Keith Maxwell III. Spark Energy is majority-owned by .