Latham Represents SPX Technologies, Inc. in US$500 Million Public Offering of Common Stock

SPX Technologies, Inc. (NYSE:SPXC) (SPX), a diversified, global supplier of highly engineered products and technologies, has announced the pricing of an underwritten public offering of 2,659,575 shares of its common stock at a public offering price of US$188 per share. The gross proceeds to SPX from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately US$500 million. All shares in the offering are to be sold by SPX. In addition, SPX has granted the underwriters a 30-day option to purchase up to an additional 398,936 shares of its common stock offered in the public offering. The offering is expected to close on or about August 14, 2025, subject to customary closing conditions.

Latham & Watkins LLP represented SPX in the offering with a team led by partners Ian Schuman, Erika Weinberg, and Tara Elliott, with associates Sandy Kugbei, Jie Lin Nai, and Haila Al-Khalaf.