01/29/2026 | Press release | Distributed by Public on 01/29/2026 16:17
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Delaware
(State or other jurisdiction of
incorporation or organization)
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92-2646542
(I.R.S. Employer
Identification Number)
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Large accelerated filer
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☒
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Accelerated filer
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☐
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Non-accelerated filer
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☐
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Smaller reporting company
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☐
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Emerging growth company
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☐
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shares of our common stock;
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shares of our preferred stock, which may be issued in one or more series;
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debt securities, which may be issued in one or more series and which may be senior debt securities or subordinated debt securities;
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warrants to purchase shares of our common stock, shares of our preferred stock or our debt securities; and
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units, each representing ownership of two or more securities described in this prospectus in any combination.
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Page
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ABOUT THIS PROSPECTUS
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1
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WHERE YOU CAN FIND MORE INFORMATION
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2
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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3
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THE COMPANY
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5
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RISK FACTORS
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6
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USE OF PROCEEDS
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7
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DESCRIPTION OF SECURITIES
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8
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DESCRIPTION OF CAPITAL STOCK
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9
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DESCRIPTION OF DEBT SECURITIES
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13
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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18
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EXPERTS
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our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on January 29, 2026;
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the information specifically incorporated by reference into our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 from our definitive proxy statement on Schedule 14A, filed with the SEC on March 28, 2025;
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our Current Report on Form 8-K, filed with the SEC on January 21, 2026; and
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the description of our capital stock contained in Amendment No. 1 to our Registration Statement on Form 10, filed with the SEC on March 5, 2024, as amended by Exhibit 4.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on January 29, 2026, and any amendment or report filed for the purpose of updating such description.
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Quality issues or safety failures among our products, solutions, or services;
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Significant supply chain or logistics disruptions, including cost or availability of materials or components;
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Disruptions or capacity constraints at our manufacturing or operating facilities;
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Our ability to manage our costs and achieve anticipated cost savings;
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Our ability to execute and estimate long-term service obligations;
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Our ability to successfully compete;
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Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
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Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
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Issues with grid connectivity or our customers' ability to sell generated electricity;
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Our ability to manage customer and counterparty relationships and contracts;
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Our ability to maintain our investment grade credit ratings;
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Our access to capital or credit markets or other financing on acceptable terms;
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Decarbonization and energy-transition dynamics;
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Changes in energy, environmental, and tax laws and policies;
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Challenges of operating globally, including complex legal, regulatory, and compliance risks;
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Natural disasters, physical effects of climate change, pandemics, and other emergencies;
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Geopolitical events;
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Our ability to meet sustainability expectations, standards, and goals;
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International trade policies;
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Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
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Our ability to comply with laws and regulations and related compliance costs;
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Impacts from claims, litigations, regulatory proceedings, and enforcement actions;
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Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions;
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Our ability to secure, deploy and protect our intellectual property rights and defend against third-party claims;
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Foreign currency impacts;
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Our ability to realize the benefits from our Spin-Off (as defined herein) from, and our obligations to, General Electric Company ("GE");
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Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
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The price, availability, volatility, and trading volumes of our common stock;
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The amount and timing of our cash flows and earnings;
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The impact of cybersecurity or data security incidents; and
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Other changes in macroeconomic and market conditions and volatility.
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Board Classification. Our certificate of incorporation provides that, until the conclusion of our fifth annual meeting of stockholders following our spin-off from GE on April 2, 2024 (the "Spin-Off"), which we expect to hold in 2029, our Board will be divided into three classes of directors. Only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective terms. The directors designated as Class I directors have terms expiring at the annual meeting of stockholders in 2028. The directors designated as Class II directors have terms expiring at the annual meeting of stockholders to be held in 2026, and the directors designated as Class III directors have terms expiring at the annual meeting of stockholders to be held in 2027. Any director elected at the annual meeting of stockholders held in 2026, 2027, or 2028, will have a term expiring at the fifth annual meeting of stockholders following the Spin-Off and will hold office until his or her successor has been duly elected and qualified or until his or her earlier death, resignation, disqualification, or removal. Commencing with the fifth annual meeting of stockholders following the Spin-Off, directors of each class will be elected annually and will hold office until our next annual meeting of stockholders and until their respective successors have been duly elected and qualified or until their earlier death, resignation, disqualification, or removal.
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Removal of Directors. Our certificate of incorporation provides that (i) prior to our Board being declassified as discussed above, our stockholders may remove directors only for cause and (ii) after our Board has been fully declassified, our stockholders may remove directors with or without cause. Removal will require the affirmative vote of holders of at least a majority of the voting power of the outstanding shares of our capital stock entitled to vote thereon, voting together as a single class.
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Vacancies. Our certificate of incorporation provides that any vacancies in our Board will be filled solely by the affirmative vote of a majority of the remaining directors then in office, even if less than a quorum, or by the sole remaining director. Prior to the conclusion of our fifth annual meeting of stockholders following the Spin-Off, any director elected to fill a vacancy on our Board will hold office until the expiration of the term of office that coincides with the remaining term of the class of directors to which he or she is elected or of the director he or she replaced, as applicable, and in each case until his or her earlier death, resignation, disqualification or removal. From and after the conclusion of our fifth annual meeting of stockholders following the Spin-Off, any director chosen to fill a vacancy will hold office for a term expiring at the next annual meeting of stockholders and until his or her successor is duly elected and qualified, subject to his or her earlier death, resignation, disqualification or removal.
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Blank Check Preferred Stock. Our certificate of incorporation authorizes our Board to issue, without any further vote or action by the stockholders, up to 100,000,000 shares of preferred stock from time to time in one or more series.
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No Stockholder Action by Written Consent. Our certificate of incorporation expressly excludes the right of our stockholders to act by written consent. Stockholder action must take place at an annual meeting or at a special meeting of our stockholders.
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Special Stockholder Meetings. Our bylaws provide that the Board or a stockholder of record who is acting on behalf of one or more beneficial owners who collectively hold at least 25% of the voting power of all outstanding shares of our common stock will be able to call, or cause to be called, a special meeting of stockholders.
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Requirements for Advance Notification of Stockholder Nominations and Proposals. Under our bylaws, stockholders of record are able to nominate persons for election to our Board or bring other business constituting a proper matter for stockholder action only by providing proper notice to our secretary. In the case of annual meetings, proper notice must be given between 90 and 120 days prior to the first anniversary of the prior year's annual meeting; unless, however, (A) the annual meeting is advanced by more than 30 days, or delayed by more than 60 days, from the first anniversary of the prior year's annual meeting or (B) no annual meeting was held during the prior year. In the case of special meetings, proper
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Proxy Access. Our bylaws allow one or more stockholders (up to 20, collectively), owning at least 3% of our outstanding shares continuously for at least three years, to nominate for election to our Board and to be included in our proxy materials up to the greater of two individuals or 20% of our Board, only by sending proper notice to our secretary.
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Amendments to Certificate of Incorporation and Bylaws. The DGCL provides that the affirmative vote of holders of a majority of a company's voting stock then outstanding is required to amend a corporation's certificate of incorporation, subject to any class vote requirements and unless the certificate of incorporation specifies a higher threshold. Our certificate of incorporation does not provide for a higher threshold. The DGCL also provides that a board of directors may be granted authority to amend a corporation's bylaws if so stated in the corporation's certificate of incorporation, and our certificate of incorporation provides that our Board may amend our bylaws. Under Delaware law, stockholders also have the power to amend bylaws, and our certificate of incorporation provides that the bylaws may be amended by the affirmative vote of holders of at least a majority of the outstanding shares of capital stock of the Company entitled to vote thereon, voting together as a single class.
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the title and aggregate principal amount of the debt securities and any limit on the aggregate principal amount of such series;
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any applicable subordination provisions for any subordinated debt securities;
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the maturity date(s) or method for determining same;
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the interest rate(s) or the method for determining same;
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the dates on which interest will accrue or the method for determining dates on which interest will accrue and dates on which interest will be payable and whether interest will be payable in cash, additional securities or some combination thereof;
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whether the debt securities are convertible or exchangeable into other securities and any related terms and conditions;
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redemption or early repayment provisions;
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authorized denominations;
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if other than the principal amount, the principal amount of debt securities payable upon acceleration;
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place(s) where payment of principal and interest may be made, where debt securities may be presented and where notices or demands upon the company may be made;
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the form or forms of the debt securities of the series including such legends as may be required by applicable law;
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whether the debt securities will be issued in whole or in part in the form of one or more global securities and the date as of which the securities are dated if other than the date of original issuance;
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whether the debt securities are secured and the terms of such security;
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the amount of discount or premium, if any, with which the debt securities will be issued;
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any covenants applicable to the particular debt securities being issued;
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any additions or changes in the defaults and events of default applicable to the particular debt securities being issued;
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the guarantors of each series, if any, and the extent of the guarantees (including provisions relating to seniority, subordination and release of the guarantees), if any;
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the currency, currencies or currency units in which the purchase price for, the principal of and any premium and any interest on, the debt securities will be payable;
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the time period within which, the manner in which and the terms and conditions upon which we or the holders of the debt securities can select the payment currency;
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our obligation or right to redeem, purchase or repay debt securities under a sinking fund, amortization or analogous provision;
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any restriction or conditions on the transferability of the debt securities;
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provisions granting special rights to holders of the debt securities upon occurrence of specified events;
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additions or changes relating to compensation or reimbursement of the trustee of the series of debt securities;
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provisions relating to the modification of the indenture both with and without the consent of holders of debt securities issued under the indenture and the execution of supplemental indentures for such series; and
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any other terms of the debt securities (which terms shall not be inconsistent with the provisions of the TIA, but may modify, amend, supplement or delete any of the terms of the indenture with respect to such series of debt securities).
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the offering price;
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the currency or currencies, including composite currencies, in which the purchase price and/or exercise price of the warrants may be payable;
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the number of warrants offered;
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the exercise price and the amount of securities you will receive upon exercise;
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the procedure for exercise of the warrants and the circumstances, if any, that will cause the warrants to be automatically exercised;
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the rights, if any, we have to redeem the warrants;
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the date on which the right to exercise the warrants will commence and the date on which the warrants will expire;
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the name of the warrant agent; and
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any other material terms of the warrants.
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to underwriters for resale to purchasers;
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directly to purchasers;
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through agents or dealers to purchasers;
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through a combination of any of these methods; or
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through any other method described in the applicable prospectus supplement or free writing prospectus.
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Item 14.
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Other Expenses of Issuance and Distribution.
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Securities and Exchange Commission Registration Fee
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$ *
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FINRA filing fees
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$**
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Accounting Fees and Expenses
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$**
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Legal Fees and Expenses
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$**
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Printing Fees
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$**
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Transfer Agents and Trustees' Fees and Expenses
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$**
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Rating Agency Fees
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$**
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Stock Exchange Listing Fees
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$**
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Miscellaneous
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$**
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Total
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$**
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*
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Unknown because the filing fee is being deferred pursuant to Rules 456(b) and 457(r) under the Securities Act of 1933, as amended (the "Securities Act").
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Fees and expenses will depend on the number and nature of the offerings, and cannot be estimated at this time. An estimate of the aggregate expenses in connection with the issuance and distribution of securities being offered will be included in any applicable prospectus supplement.
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Item 15.
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Indemnification of Directors and Officers.
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Item 16.
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Exhibits.
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Exhibit
No.
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Description of Exhibits
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1.1*
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Form of Underwriting Agreement.
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2.1†+
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Separation and Distribution Agreement, dated April 1, 2024, by and between General Electric Company and GE Vernova Inc. (incorporated by reference to Exhibit 2.1 of the registrant's Current Report on Form 8-K filed with the SEC on April 2, 2024, File No. 001-41966).
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Certificate of Incorporation of GE Vernova Inc. (incorporated by reference to Exhibit 3.1 of the registrant's Current Report on Form 8-K filed with the SEC on April 2, 2024, File No. 001-41966).
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Bylaws of GE Vernova Inc. (incorporated by reference to Exhibit 3.2 of the registrant's Current Report on Form 8-K filed with the SEC on April 2, 2024, File No. 001-41966).
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4.1*
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Form of Certificate of Designations with respect to any preferred stock issued hereunder.
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4.2
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Form of Indenture for debt securities between the registrant and the trustee to be named therein.
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4.3*
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Form of Warrant Agreement (including form of Warrant Certificate).
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4.4*
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Form of Unit Agreement (including form of Unit Certificate).
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5.1
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Opinion of Skadden, Arps, Slate, Meagher & Flom LLP.
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23.1
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Consent of Deloitte & Touche LLP, an independent registered public accounting firm.
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23.2
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Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1).
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24.1
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Powers of Attorney (included on signature pages hereto).
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25.1
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Statement of Eligibility on Form T-1 of trustee under the Indenture.
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107
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Filing Fee Table
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*
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To be filed by amendment to the Registration Statement or incorporated by reference from documents filed or to be filed with the Securities and Exchange Commission (the "SEC") under the Exchange Act.
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†
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Certain portions of this exhibit have been redacted pursuant to Item 601(b)(2)(ii) and Item 601(b)(10)(iv) of Regulation S-K, as applicable. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the Commission upon its request.
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Certain schedules and exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Commission upon its request.
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Item 17.
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Undertakings.
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(1)
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To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
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(i)
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To include any prospectus required by Section 10(a)(3) of the Securities Act;
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(ii)
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To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
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(iii)
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To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
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(2)
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That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(3)
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To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
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(4)
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That, for the purpose of determining liability under the Securities Act to any purchaser:
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(i)
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Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of this registration statement as of the date the filed prospectus was deemed part of and included in this registration statement; and
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(ii)
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Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by section 10(a) of the Securities Act shall be deemed to be part of and included in this registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of this registration statement or made in a document incorporated or deemed incorporated by reference into this registration statement or prospectus that is part of this registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in this registration statement or prospectus that was part of this registration statement or made in any such document immediately prior to such effective date.
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(5)
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That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
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(i)
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Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
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(ii)
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Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
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(iii)
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The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
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(iv)
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Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
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GE VERNOVA INC.
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By:
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/s/ Scott Strazik
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Name:
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Scott Strazik
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Title:
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Chief Executive Officer, President and Director
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Signature
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Title
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/s/ Scott Strazik
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Chief Executive Officer, President and Director
(Principal Executive Officer)
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Scott Strazik
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/s/ Kenneth Parks
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Chief Financial Officer
(Principal Financial Officer)
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Kenneth Parks
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/s/ Matthew J. Potvin
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Vice President, Controller and Chief Accounting Officer
(Principal Accounting Officer)
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Matthew J. Potvin
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/s/ Stephen Angel
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Director
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Stephen Angel
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/s/ Nicholas K. Akins
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Director
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Nicholas K. Akins
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/s/ Arnold W. Donald
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Director
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Arnold W. Donald
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/s/ Matthew Harris
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Director
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Matthew Harris
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/s/ Martina Hund-Mejean
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Director
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Martina Hund-Mejean
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Signature
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Title
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/s/ Jesus Malave
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Director
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Jesus Malave
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/s/ Paula Rosput Reynolds
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Director
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Paula Rosput Reynolds
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/s/ Kim K. W. Rucker
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Director
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Kim K. W. Rucker
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