Shoals Technologies Group, Inc. (SHLS) Prices 77M Class A Share Upsized IPO at $25/Sh

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Shoals Technologies Group, Inc. Announces Pricing of Upsized Initial Public Offering

January 26, 2021 10:52 PM EST

PORTLAND, Tenn., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the Company) today announced the pricing of its upsized initial public offering of 77,000,000 shares of its Class A common stock at a price to the public of $25.00 per share. The offering consists of 9,000,000 shares of Class A common stock being sold by the Company and 68,000,000 shares of Class A common stock being sold by a parent entity of the Company controlled by funds managed by Oaktree Capital Management, L.P. (the Selling Stockholder). In addition, the Company and the Selling Stockholder granted the underwriters a 30-day option to... More