Solaris Energy Infrastructure, Inc. (SEI): M&A transaction — Solaris Energy acquires Focus Genco for $81M cash + 4.18M shares; adds $300M term loan and 500MW turbine slots

the lenders provided term loans in an aggregate original principal amount of $300 million

Pursuant to the Purchase Agreement, the Buyer acquired 100% of the issued and outstanding ordinary shares of Genco from the Sellers in exchange for (i) 4,182,772 shares of Class A common stock, par value $0.01 per share (the “ Common Stock ”) of the Company (the “ Equity Consideration ”), and (ii) approximately $81 million in cash, subject to customary post-closing adjustments for cash, indebtedness, net working capital and transaction expenses.

On March 16, 2026, Solaris Energy Infrastructure, Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with Solaris Energy Infrastructure, LLC, a Delaware limited liability company and operating subsidiary of the Company (“ OpCo ”), Project G Buyer, LLC, a Texas limited liability company and then a wholly owned subsidiary of the Company (the “ Buyer ”), Focus Genco Cayman Ltd., an exempted company with limited liability incorporated organized under the laws of the Cayman Islands (“ Genco ”), the holders of shares of Genco (each, a “ Seller ” and, collectively, the “ Sellers ”) and Alan Zelazo, solely in his capacity as the Sellers representative under the Purchase Agreement (the “ Sellers Representative ”).

On the March 16, 2026, the Company and certain of its subsidiaries entered into a senior secured term loan agreement (the “ Term Loan Agreement ”) with Goldman Sachs Bank USA, as administrative agent and collateral agent, and the lenders party thereto, pursuant to which the lenders provided term loans in an aggregate original principal amount of $300 million.