Constellation Energy Corporation (NASDAQ:CEG) announced today the commencement of an underwritten public offering of an aggregate of 11,000,000 shares of its common stock (the "Offering") by certain of its shareholders (the "Selling Shareholders"). Constellation is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders.

Constellation also announced that it intends to purchase from the underwriters 2,000,000 shares of common stock that are the subject of the Offering at the price paid to the Selling Shareholders by the underwriters in the Offering (the "Share Repurchase"). The closing of the Offering is not conditioned upon the completion of the Share Repurchase, and the closing of the Share Repurchase is contingent on the closing of the Offering. The Offering is subject to market and other conditions, as well as customary closing conditions. The Share Repurchase will be conducted pursuant to Constellation's existing share repurchase program.