---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-446356"
form_type: "8-K"
ticker: "SHLS"
cik: "0001831651"
company_name: "Shoals Technologies Group, Inc."
filed_at: "2026-11-04T14:24:14+00:00"
generated_at: "2026-11-04T14:25:16.552847+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Shoals to merge into Array in all-stock deal at 1.6931 exchange ratio; Brandon Moss to be CEO

## Summary
- Each Shoals share converts into 1.6931 Array shares; Shoals survives as a wholly owned Array subsidiary, and the deal is intended to qualify as a tax-free Section 368 reorganization.
- Combined 10-person board: four Shoals independents, four Array independents, Shoals CEO Brandon Moss as Array CEO, and Shoals Chairman Brad Forth as Array chairman.
- Array will adopt a new name/ticker and be headquartered in Albuquerque; closing needs shareholder approvals, Nasdaq, HSR and S-4, with outside date May 4, 2027 (extendable to Nov. 4).
- Break fees: Shoals would owe Array $40.3M and Array would owe Shoals $22.2M if either board changes its recommendation or willfully breaches non-solicitation covenants.
- Array will redeem $161.3M of Series A preferred within 90 days at 93% of liquidation preference, plus $156.3M at 96% in up to three installments; minimum preference cut to $50M.

## SEC filing metadata
- accession: 0001193125-26-446356
- form_type: 8-K
- ticker: SHLS
- cik: 0001831651
- company_name: Shoals Technologies Group, Inc.
- filed_at: 2026-11-04T14:24:14+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831651/000119312526446356/0001193125-26-446356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831651/000119312526446356/d130123d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-446356
- JSON: https://secwatch.observer/filing/0001193125-26-446356.json
- Plain text: https://secwatch.observer/filing/0001193125-26-446356.txt

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