Bel Fuse Inc. (NASDAQ:BELFA) ("Bel" or the "Company"), a leading global manufacturer of electronic components, systems and solutions, today announced the commencement of an underwritten offering of 1,300,000 shares of its Class B common stock. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 195,000 shares of its Class B common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Bel currently intends to use the net proceeds from the proposed offering to pay down any outstanding indebtedness under its Credit and Security Agreement, fund the remaining 20% acquisition of Enercon Technologies, Ltd. or other acquisitions or partnership opportunities that may arise, and the remainder, if any, for general corporate purposes.