secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001193125-21-213224
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoals launches 13.4M share secondary offering; prelim Q2 rev $58.8-60.3M, net income $8-10M
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- Offering of 13,384,155 Class A shares; company offers 8.39M shares, selling stockholders 4.99M shares.
- Prelim Q2 2021 revenue $58.8-60.3M (+37% YoY); net income $8-10M (+72% YoY).
- Prelim adjusted EBITDA $19.9-21.0M (+33% YoY); cash $13.2M, debt $247.3M as of June 30, 2021.
- Backlog and awarded orders $200.5M (+63% YoY, +11% vs Q1 2021).
- Proceeds to buy equity interests from existing holders; underwriters have 30-day option for 2,007,623 additional shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000119312521213224/0001193125-21-213224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000119312521213224/d199175d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-213224

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