ERock completes IPO of 27,906,977 Class A shares at $21.50 per share
ERock, Inc. completed its initial public offering on June 11, 2026, selling 27,906,977 Class A shares at $21.50 per share. The filing also shows the company issued additional Class A and Class B shares to pre-IPO holders, adopted a 2026 equity incentive plan, and amended its charter and bylaws.
Key points
- June 11, 2026: IPO completed, 27,906,977 Class A shares at $21.50 per share
- About $369.3 million of net proceeds used to buy Class A Units from ER Holdings, including about $30.0 million to repay 2025 Term Loan debt and a $3.0 million prepayment fee
- Up to 225,126,573 Class A shares may be issued in future in exchange for Class B units of ER Holdings
- Seven directors appointed June 9, 2026, with Hans Kobler named Chairperson; 2026 Equity Incentive Plan reserves 19,746,000 Class A shares
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.