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-0.00141643059490095 -0.00141643059490095 -0.00141643059490095 0.00885269121813031 0.0180594900849858 0.0127478753541076 0.0208923512747875 -0.0262039660056658
Stock impact report

Shoals Technologies Group, Inc. Announces Pricing of an Offering of 13,384,155 Shares of Class A Common Stock

Shoals Technologies Group, Inc. - Class A (SHLS) 
Company Research Source: GlobeNewswire
PORTLAND, Tenn., July 15, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the pricing of an underwritten public offering of an aggregate of 13,384,155 shares of the Company’s Class A common stock, at a price to the public of $28.00 per share. The Company is offering 8,394,463 shares of its Class A common stock, the net proceeds of which will be used to purchase equity interests in its operating subsidiary from certain holders including its founder Dean Solon, Director Brad Forth, Chief Executive Officer Jason Whitaker and Chief Financial Officer Philip Garton (collectively, the “Existing Stockholders”). Additionally, certain selling stockholders, including an entity controlled by Oaktree Capital Management, L.P. (“Oaktree”) and Mehgan Peetz, the Company’s General Counsel (the “Selling Stockholders”), are offering 4,989,692 shares of the Company’s Class A common stock. The Company will not receive any of the proceeds from the sa Show less Read more
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