Exhibit 99.1
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ATLAS ENERGY SOLUTIONS INC.
PRICES INITIAL PUBLIC OFFERING
AUSTIN, Texas – (BUSINESS WIRE) – March 8, 2023 – Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas”) announced today the pricing of its initial public offering of 18,000,000 shares of its Class A common stock (“common stock”) at $18.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “AESI” on March 9, 2023. In addition, Atlas granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its common stock. The offering is expected to close on March 13, 2023, subject to customary closing conditions.
Atlas intends to contribute the total net proceeds of approximately $292.9 million, or $338.4 million if the underwriters exercise in full their option to purchase additional shares of common stock, to its subsidiary, Atlas Sand Operating Company, LLC (“Atlas Operating”), in exchange for limited liability company units in Atlas Operating, and Atlas Operating will further contribute the net proceeds received to Atlas Sand Company, LLC (“Atlas LLC”). Atlas LLC intends to use a portion of the net proceeds to fund the construction of the Dune Express conveyor system and the remainder to fund general corporate purposes.
Goldman Sachs & Co. LLC, BofA Securities and Piper Sandler acted as lead book-running managers for the offering. RBC Capital Markets, Barclays, and Citigroup acted as book-running managers. Raymond James, Johnson Rice & Company L.L.C., Stephens Inc., Capital One Securities, Pickering Energy Partners and Drexel Hamilton acted as co-managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the prospectus may be obtained from:
Goldman Sachs & Co. LLC
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
prospectus-ny@ny.email.gs.com
BofA Securities NC1-004-03-43
Attn: Prospectus Department
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
dg.prospectus_requests@bofa.com
Piper Sandler & Co.
Attn: Prospectus Department
800 Nicollet Mall, J12S03
Minneapolis, MN 55402
Telephone: 800-747-3924
prospectus@psc.com