Solaris closes MER acquisition; auditor flags going concern on $307.6M commitment

Solaris Energy Infrastructure, Inc.

Acquisition of Mobile Energy Rentals (MER) closed Sep 11, 2024; financials now filed.
Auditor notes substantial doubt about MER's ability to continue as a going concern.
MER had net income of $1.04M in 2023 on revenue $2.46M; total assets $5.8M.
MER committed $307.6M for equipment purchases starting Jun 2024, lacks liquidity.
Unaudited pro forma combined statements for FY2023 and 9M 2024 filed as Exhibit 99.3.

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