---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-008513"
form_type: "8-K"
ticker: "WNDW"
cik: "0001071840"
company_name: "SolarWindow Technologies, Inc."
filed_at: "2021-12-14T23:59:59+00:00"
generated_at: "2026-06-28T01:08:43.803888+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SolarWindow President John Rhee acquires 62% majority stake via LQE; deferred payment terms

## Summary
- LQE purchased 32,984,331 shares (62% of outstanding) and warrants from Kalen Capital, increasing beneficial ownership to ~72% fully diluted.
- Total consideration: CAD$47.5M (~US$37.4M) due 120 days post-close; CAD$16.5M penalty if paid later but before 240 days.
- Operating covenants restrict share issuance, asset sales >$500K, capital expenditures, and director changes until full payment.
- If payment defaults, LQE must transfer repurchased shares to Kalen for nil consideration; former controller Harmel Rayat retains 4.99%.
- Transaction reaffirms management commitment to SolarWindow's LiquidElectricity technology and South Korea expansion.

## SEC filing metadata
- accession: 0001171843-21-008513
- form_type: 8-K
- ticker: WNDW
- cik: 0001071840
- company_name: SolarWindow Technologies, Inc.
- filed_at: 2021-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071840/000117184321008513/0001171843-21-008513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071840/000117184321008513/f8k_121421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-008513
- JSON: https://secwatch.observer/filing/0001171843-21-008513.json
- Plain text: https://secwatch.observer/filing/0001171843-21-008513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.