Form Energy, Inc. announced that it will issue 11,739,155 series D preferred shares at issue price of $18.1018 per share for the gross proceeds $212,499,835.979 in funding on July 21, 2021. The shares will be convertible in common shares at a price of $6.3347 per share. The round will be raised at post money valuation of $1,034,451,672.

The company will receive $199,999,837 pursuant to exemption provided under Regulation D.