FTC Solar Announces $75 Million Strategic Financing
FTC Solar (Nasdaq: FTCI) has secured a strategic financing facility of up to $75 million with Cleanhill Partners, AV Securities, and other long-term investors. The facility includes an initial term loan financing of up to $37.5 million, with $14.3 million already funded on July 2, 2025, and $23.2 million expected to close in Q3 2025.
The company can access an additional $37.5 million in future funding upon mutual agreement with investors. The financing will strengthen FTC Solar's balance sheet and support growth acceleration. The company has recently added over 6.5 gigawatts of new business with Tier 1 customers. A special stockholder meeting is planned for early September 2025 to approve the full exercise of associated warrants.
FTC Solar (Nasdaq: FTCI) ha ottenuto una linea di finanziamento strategica fino a 75 milioni di dollari con Cleanhill Partners, AV Securities e altri investitori a lungo termine. La linea include un prestito a termine iniziale fino a 37,5 milioni di dollari, di cui 14,3 milioni di dollari gi脿 erogati il 2 luglio 2025 e 23,2 milioni di dollari previsti per la chiusura nel terzo trimestre del 2025.
L鈥檃zienda potr脿 accedere a ulteriori 37,5 milioni di dollari in finanziamenti futuri previo accordo con gli investitori. Questo finanziamento rafforzer脿 il bilancio di FTC Solar e sosterr脿 l鈥檃ccelerazione della crescita. Recentemente, l鈥檃zienda ha acquisito oltre 6,5 gigawatt di nuovi contratti con clienti Tier 1. 脠 prevista una riunione speciale degli azionisti all鈥檌nizio di settembre 2025 per approvare l鈥檈sercizio completo delle opzioni associate.
FTC Solar (Nasdaq: FTCI) ha asegurado una l铆nea de financiamiento estrat茅gica de hasta 75 millones de d贸lares con Cleanhill Partners, AV Securities y otros inversores a largo plazo. La l铆nea incluye un pr茅stamo a plazo inicial de hasta 37,5 millones de d贸lares, de los cuales 14,3 millones de d贸lares ya fueron desembolsados el 2 de julio de 2025 y 23,2 millones de d贸lares se esperan cerrar en el tercer trimestre de 2025.
La empresa podr谩 acceder a 37,5 millones de d贸lares adicionales en financiamiento futuro previo acuerdo mutuo con los inversores. Este financiamiento fortalecer谩 el balance de FTC Solar y apoyar谩 la aceleraci贸n del crecimiento. Recientemente, la compa帽铆a ha incorporado m谩s de 6,5 gigavatios de nuevos negocios con clientes Tier 1. Se planea una reuni贸n especial de accionistas a principios de septiembre de 2025 para aprobar el ejercicio completo de los warrants asociados.
FTC Solar (雮橃姢雼�: FTCI)電� Cleanhill Partners, AV Securities 氚� 旮绊儉 鞛リ赴 韴瀽鞛愲摛瓿� 頃粯 斓滊寑 7,500毵� 雼煬 攴滊鞚� 鞝勲灥鞝� 旮堨湹 鞁滌劋鞚� 頇曤炒頄堨姷雼堧嫟. 鞚� 旮堨湹 鞁滌劋鞐愲姅 齑堦赴 旮瓣皠 雽�於滊 斓滊寑 3,750毵� 雼煬臧� 韽暔霅橂┌, 鞚� 欷� 1,430毵� 雼煬電� 2025雲� 7鞗� 2鞚检棎 鞚措 鞛愱笀鞚� 歆�鞗愲悩鞐堦碃, 2,320毵� 雼煬電� 2025雲� 3攵勱赴鞐� 毵堦皭霅� 鞓堨爼鞛呺媹雼�.
須岇偓電� 韴瀽鞛愲摛瓿� 靸來樃 頃╈潣鞐� 霐半澕 於旉皜搿� 3,750毵� 雼煬鞚� 鞛愱笀鞚� 頄ロ泟 臁半嫭頃� 靾� 鞛堨姷雼堧嫟. 鞚措矆 旮堨湹鞚� FTC Solar鞚� 鞛甑“毳� 臧曧檾頃橁碃 靹膘灔 臧�靻嶌潉 歆�鞗愴暊 瓴冹瀰雼堧嫟. 斓滉芳 須岇偓電� Tier 1 瓿犼皾瓿� 頃粯 6.5旮瓣皜鞕赌韸� 鞚挫儊鞚� 鞁犼窚 靷梾鞚� 於旉皜頄堨姷雼堧嫟. 甏�霠� 鞗岆煱韸胳潣 鞝勲┐ 頄夓偓毳� 鞀轨澑頃橁赴 鞙勴暅 韸闺硠 欤检＜齑濏殞臧� 2025雲� 9鞗� 齑堨棎 瓿勴殟霅橃柎 鞛堨姷雼堧嫟.
FTC Solar (Nasdaq : FTCI) a obtenu une ligne de financement strat茅gique pouvant atteindre 75 millions de dollars aupr猫s de Cleanhill Partners, AV Securities et d鈥檃utres investisseurs 脿 long terme. Cette ligne comprend un pr锚t 脿 terme initial pouvant aller jusqu鈥櫭� 37,5 millions de dollars, dont 14,3 millions de dollars ont d茅j脿 茅t茅 d茅bloqu茅s le 2 juillet 2025, et 23,2 millions de dollars devraient 锚tre finalis茅s au troisi猫me trimestre 2025.
L鈥檈ntreprise pourra acc茅der 脿 un financement suppl茅mentaire de 37,5 millions de dollars 脿 l鈥檃venir, sous r茅serve d鈥檜n accord mutuel avec les investisseurs. Ce financement renforcera le bilan de FTC Solar et soutiendra l鈥檃cc茅l茅ration de sa croissance. R茅cemment, la soci茅t茅 a ajout茅 plus de 6,5 gigawatts de nouveaux contrats avec des clients de niveau 1. Une assembl茅e g茅n茅rale extraordinaire des actionnaires est pr茅vue d茅but septembre 2025 pour approuver l鈥檈xercice complet des bons de souscription associ茅s.
FTC Solar (Nasdaq: FTCI) hat eine strategische Finanzierungsfazilit盲t von bis zu 75 Millionen US-Dollar mit Cleanhill Partners, AV Securities und weiteren langfristigen Investoren gesichert. Die Fazilit盲t umfasst eine anf盲ngliche Terminkreditfinanzierung von bis zu 37,5 Millionen US-Dollar, von der bereits 14,3 Millionen US-Dollar am 2. Juli 2025 ausgezahlt wurden und weitere 23,2 Millionen US-Dollar im dritten Quartal 2025 abgeschlossen werden sollen.
Das Unternehmen kann zus盲tzlich weitere 37,5 Millionen US-Dollar an zuk眉nftiger Finanzierung nach gegenseitiger Vereinbarung mit den Investoren in Anspruch nehmen. Die Finanzierung wird die Bilanz von FTC Solar st盲rken und das Wachstum beschleunigen. K眉rzlich hat das Unternehmen 眉ber 6,5 Gigawatt an neuen Gesch盲ften mit Tier-1-Kunden hinzugewonnen. Eine au脽erordentliche Hauptversammlung der Aktion盲re ist f眉r Anfang September 2025 geplant, um die vollst盲ndige Aus眉bung der zugeh枚rigen Warrants zu genehmigen.
- None.
- Financing includes warrant issuance which could lead to shareholder dilution
- Additional $23.2 million funding contingent on shareholder approval
- Current unprofitable status requiring additional financing for operations
Insights
FTC Solar secures critical $75M financing that strengthens balance sheet and extends runway to profitability amid recent business momentum.
This $75 million strategic financing facility represents a significant liquidity injection for FTC Solar at a critical juncture. The structure provides immediate capital with $14.3 million already funded, another $23.2 million expected in Q3 2025, and potential for an additional $37.5 million by mutual agreement.
The financing involves warrant issuances requiring shareholder approval, indicating potential dilution but also signaling strong investor confidence in FTC's future. Notably, the capital comes from credible investors including Cleanhill Partners, specialists in energy transition investments.
This deal addresses two critical concerns for FTC Solar: balance sheet strength and runway to profitability. The company has apparently been prioritizing liquidity improvement, with this funding complementing previous capital raised in Q4. For a solar tracker company operating in the capital-intensive renewable energy sector, this financial cushion provides operational flexibility and customer confidence.
The announcement also references 6.5 gigawatts of new business with Tier 1 customers, suggesting improving commercial momentum coinciding with this capital injection. This business expansion appears linked to innovation in their tracker product line.
While specific terms of the warrants aren't detailed here, shareholders will need to evaluate the dilution impact at the special meeting planned for September 2025. Overall, this financing significantly reduces near-term liquidity risk while positioning FTC Solar to capitalize on its apparent commercial momentum.
Additional
Total funding scalable to
AUSTIN, Texas, July 07, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it entered into a new
The Financing Facility provides for an initial term loan financing of up to
The Financing Facility also provides for up to an additional
鈥淲e couldn鈥檛 be more excited to invest in what we view as a clear future industry leader in FTC Solar,鈥� said Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners. 鈥淒iscussions with multiple industry participants led us to reach out to FTC Solar, and our research and feedback from developers and EPCs has only led us to be even more excited about the future prospects of the company. We believe FTC Solar has one of the most revolutionary technology platforms in the industry and a great team to drive strong future performance. The size and scalability of our investment reflects our interest in ensuring the long-term success of the company. This investment also builds on Cleanhill鈥檚 longstanding history of investing in energy transition businesses.鈥�
鈥淭his investment adds significant strength to our balance sheet, ample runway to achieve profitability, and incremental comfort to our global customers that we鈥檒l continue to provide the products and services they love long into the future,鈥� said Yann Brandt, President and CEO of FTC Solar. 鈥淪horing up backlog and adding liquidity were priority areas for me when joining FTC. The investment announced today, along with funds raised in the fourth quarter, provide more than sufficient liquidity. And driven by the recent expansion of one of the most innovative new tracker lines to hit the market, we have recently added more than 6.5 gigawatts of new business with Tier 1 customers. I have been quite bullish on the long-term potential and prospects for FTC Solar and this agreement only increases our potential for accelerating business momentum. I want to thank Cleanhill and AV Securities for their support and for sharing our vision.鈥�
The Company will use the proceeds of the Financing Facility for balance sheet support, growth acceleration, and general corporate purposes. The Company currently expects to hold a special meeting of stockholders in early September 2025 to approve the full exercise of the warrants issued in connection with the Financing Facility.
Additional details of the Financing Facility and the associated warrant issuance will be filed with the Securities and Exchange Commission on a Current Report on Form 8-K.
About Cleanhill Partners
Cleanhill Partners is a private equity firm pursuing investments in the energy transition sector that contribute to decarbonization. The firm invests in scalable businesses with visibility into revenues, earnings and cash flow growth, leveraging its thesis-driven approach and operational expertise to enhance value in each of our investments. For more information, visit聽.
About FTC Solar Inc.
Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a global provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun.鈥疐TC Solar鈥檚 innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.
FTC Solar Investor Contact:
Bill Michalek聽
Vice President, Investor Relations聽
FTC Solar
T: (737) 241-8618聽
E: [email protected]
Forward-Looking Statements
This press release contains forward looking statements. These statements are not historical facts but rather are based on our current expectations and projections regarding our business, operations and other factors relating thereto. Words such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渁nticipate,鈥� 鈥減redict,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥減rojects,鈥� 鈥渂elieves,鈥� 鈥渆stimates鈥� and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. You should not rely on our forward-looking statements as predictions of future events, as actual results may differ materially from those in the forward-looking statements because of several factors, including, but not limited to, the satisfaction of conditions under the Credit Facility relating to the advance of additional term loan financing, risks relating to shareholder approval of the maximum number of shares for which the warrants issued in connection with the Financing Facility may be exercised, risks relating to our expected use of proceeds and the anticipated benefits of the Financing Facility, and the other risks and uncertainties described in FTC Solar鈥檚 filings with the Securities and Exchange Commission, including in the 鈥淩isk Factors鈥� section of our Annual Report on Form 10-K for the year ended December 31, 2024, and in subsequent Quarterly Reports on Form 10-Q. FTC Solar undertakes no duty or obligation to update any forward-looking statements in this release as a result of new information, future events or changes in its expectations, except as required by law.
FAQ
What is the total value of FTC Solar's (FTCI) new strategic financing facility?
How much funding has FTC Solar (FTCI) already received from the new financing?
What will FTC Solar (FTCI) use the financing proceeds for?
How many gigawatts of new business has FTC Solar (FTCI) recently added?
When will FTC Solar (FTCI) hold its special stockholder meeting for warrant approval?
