FTC Solar, Inc. announced on July 7, 2025, that it entered into a new $75 million senior secured term facility with Cleanhill Partners and affiliates, AV Securities, and other long-term investors. This financing is a crucial step to strengthen the company's balance sheet and provide ample runway for growth.
An initial $14.3 million of term loan financing and an associated warrant issuance closed and funded on July 2, 2025. An additional $23.2 million of the initial financing is expected to close in the third quarter of 2025, contingent on shareholder approval of the associated warrant issuances.
The facility also provides for up to an additional $37.5 million in funding, subject to mutual agreement between the company and investors, bringing the total potential financing to $75 million. Proceeds will be used for balance sheet support, growth acceleration, and general corporate purposes, addressing the company's liquidity needs.
This investment is expected to provide incremental comfort to global customers regarding FTC Solar's long-term support capabilities. The company plans 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.
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