FTC Solar amends equity distribution agreement, appoints Barclays as sales agent

FTC Solar, Inc.

Amendment replaces Credit Suisse Securities (USA) LLC with Barclays Capital Inc. as sales agent.
Company may sell up to $100M in common stock via ATM offerings; $75.6M remaining.
Amendment effective August 9, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FTC Solar, Inc. amended Equity Distribution Agreement with Barclays Capital Inc. valued at aggregate offering price of up to $100,000,000, of which $75,629,073 is remaining (effective 2023-08-09).

Action: amendment
Agreement: equity purchase
Counterparty: Barclays Capital Inc.
Value: aggregate offering price of up to $100,000,000, of which $75,629,073 is remaining
Effective: 2023-08-09

Exact text from the filing

On August 9, 2023, FTC Solar, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the equity distribution agreement, dated September 14, 2022, by and between the Company and Credit Suisse Securities (USA) LLC (the “Original Equity Distribution Agreement” and, together with the Amendment, the “Equity Distribution Agreement”), in order to, among other things, replace Credit Suisse Securities (USA) LLC as sales agent and/or principal with Barclays Capital Inc. (“Barclays”).

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FTC Solar, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-038885

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