Shoals technologies group, inc. announces launch of secondary offering of 24,501,650 shares of class a common stock by selling stockholders

Portland, tenn., march 07, 2023 (globe newswire) -- shoals technologies group, inc. (nasdaq: shls) (the “company”) today announced the launch of an underwritten public offering of an aggregate of 24,501,650 shares of the company's class a common stock by solon holdco i, llc and solon holdco ii, llc, affiliates of dean solon (collectively, the “selling stockholders”). additionally, the selling stockholders intend to grant the underwriter a 30-day option to purchase up to an additional 3,675,247 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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