Excelerate Energy drops after launching $150 mln stock sale for New Fortress deal

Excelerate Energy's EE.N shares down 5.9% in post-market trading at $27 after acquisition-related equity raise news

Woodlands, Texas-based liquefied natural gas infrastructure provider commences $150 mln stock offering

Co to use net proceeds to fund $1.06 bln buy of New Fortress Energy's NFE.O Jamaica assets, announced last week

Barclays and Morgan Stanley leading the offering

With ~105..9 mln shares outstanding, EE has ~$3 bln market cap

EE shares on Mon closed up 2.5% at $28.68, snapping three-session losing streak in which it shed nearly 12%

Stock has gained ~80% over the past 12 months