Fervo Energy Co 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Unregistered Sales of Equity Securities None of the transactions described below under “Equity Plan-Related Issuances” were issued in a registered offering under the Securities Act, and these transactions did not involve any underwriters, underwriting discounts or commissions. The offers, sales and issuances of the securities described in such sections were deemed to be exempt from registration under Rule 701 promulgated under the Securities Act as transactions under compensatory benefits plans and contracts relating to compensation. Equity Plan-Related Issuances From April 1, 2026 through May 14, 2026, we issued and sold to our employees and directors an aggregate of 559,900 shares of our common stock upon the exercise of stock-based awards granted under our 2019 Stock Incentive Plan for an aggregate exercise price of $0.4 million, after giving effect to the Reverse Stock Split effected on May 14, 2026. Use of Proceeds On May 14, 2026, we completed our IPO of 80,500,000 shares of Class A common stock at an IPO price of $27.00 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 10,500,000 shares of Class A common stock. The aggregate proceeds from the IPO were approximately $2,043,090,000, after deducting the underwriting discounts and commissions of approximately $130,410,000. The net proceeds from our IPO have been invested in investment grade instruments. There has been no material change in the use of proceeds from our IPO as described in our Prospectus. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.