Bel Fuse prices upsized offering of Class B stock

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) has announced the pricing of an upsized public offering of 1,300,000 shares of its Class B common stock, with an additional 195,000 shares available under a 30-day option granted to the underwriters according to the announcement. The offering, which is subject to market and other conditions, is intended to raise capital for several strategic purposes. The company plans to use the net proceeds to pay down outstanding indebtedness under its Credit and Security Agreement, fund the remaining 20% acquisition of Enercon Technologies, Ltd., and potentially support other acquisitions or partnership opportunities as detailed in the filing. Any remaining funds will be allocated for general corporate purposes.

Citigroup, BofA Securities, and Wells Fargo Securities are serving as joint book-running managers for the offering per the offering documents. The offering is being conducted under an automatic shelf registration statement on Form S-3 filed with the SEC on May 12, 2026 according to the filing. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and made available to the public. Investors may obtain copies of the prospectus materials from the underwriters or through the SEC’s website as stated in the announcement.

The company has emphasized that there can be no assurance regarding the completion of the offering or its final terms as noted in the release. As with any public offering, the transaction is subject to market conditions and regulatory approvals. Bel Fuse, a global manufacturer of electronic components and systems, operates in markets including aerospace, defense, and industrial applications according to the company's description. The company has also issued a cautionary note regarding forward-looking statements included in the press release, highlighting the risks and uncertainties that could affect the offering’s outcome as disclosed.