Shoals technologies group, inc. announces launch of offering of 20,000,000 shares of class a common stock

Portland, tenn., nov. 30, 2022 (globe newswire) -- shoals technologies group, inc. (nasdaq: shls) (the “company”) today announced the launch of an underwritten public offering of an aggregate of 20,000,000 shares of the company's class a common stock. the company is offering 2,000,000 shares of its class a common stock, and certain selling stockholders (collectively, the “selling stockholders”), comprising dean solon and certain of his affiliates, are offering 18,000,000 shares of the company's class a common stock. additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of class a common stock. the company's class a common stock is listed on the nasdaq global market under the symbol “shls.”
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