FTC Solar (FTCI) entered into a new $75M strategic financing facility with Cleanhill Partners and affiliates, AV Securities and other long-term investors. The Financing Facility provides for an initial term loan financing of up to $37.5M. Of this amount, $14.3M of term loan financing and an associated warrant issuance closed and funded on July 2, 2025. The balance of $23.2M of the initial financing is expected to close in the third quarter of 2025, subject to shareholder approval of the maximum number of shares for which the warrants issued in connection with the Financing Facility may be exercised and the other conditions under the Financing Facility. The Financing Facility also provides for up to an additional $37.5M in funding to be available to the company as may be needed in the future upon mutual agreement between the company and the investors under the Financing Facility, for a total potential financing of $75M. The Company will use the proceeds of the Financing Facility for balance sheet support, growth acceleration, and general corporate purposes. The Company currently expects to hold a special meeting of stockholders in early September 2025 to approve the full exercise of the warrants issued in connection with the Financing Facility.
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