Complete Solar Raises $40.5 Million for SunPower Asset Acquisition
Complete Solaria, Inc. (CSLR)
Company Research
Source: GlobeNewswire
LEHI, Utah, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Complete Solar Holdings, Inc. d/b/a Complete Solar (“Complete Solar” or the “Company”) (Nasdaq: CSLR), a solar technology, services, and installation company, today announced that it had raised an additional $40.5 million to cover the remaining closing costs of its $45 million bid to take over certain SunPower (OTC: SPWRQ) business units without using incremental cash. The vehicle to raise the funds was a convertible debenture with a 7% coupon and a 25% conversion premium, bringing the “strike price” of the underlying shares to $2.1375, based on the closing price of $1.71. The board has authorized management to issue a limited number of additional convertible debenture notes under the same terms. The company said it has also created and registered a $30 million Equity Line Of Credit (ELOC) to address bidding escalation in the auction. Cantor Fitzgerald & Co., served as Sole Financial Advisor and Placement Agent to Complete Solar, Arn
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CSLR
News
- Complete Solar’s Blue Raven Signs Installation Agreement with Sunder EnergyGlobeNewswire
- Complete Solaria, Inc. (NASDAQ: CSLR) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $6.00 price target on the stock.MarketBeat
- Complete Solaria Inc (CSLR) Q3 2024 Earnings Call Highlights: Strategic Restructuring Amidst ... [Yahoo! Finance]Yahoo! Finance
- Complete Solar Third Quarter Report [Yahoo! Finance]Yahoo! Finance
- Complete Solar Third Quarter ReportGlobeNewswire
CSLR
Earnings
- 8/14/24 - Miss
CSLR
Sec Filings
- 11/18/24 - Form 10-Q
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- CSLR's page on the SEC website