Array Technologies, Inc. filed a Form 425 communication on November 4, 2026, consisting of an internal employee email from CEO Kevin Hostetler announcing a definitive agreement to combine with Shoals Technologies Group, Inc. in a stock-for-stock merger.

Key Highlights

  • Stock-for-stock merger: ARRAY Technologies and Shoals Technologies Group, Inc. have entered into a definitive agreement to combine in a stock-for-stock transaction, according to the filing.
  • Close expected Q1 2027: The transaction's closing is expected in the first quarter of 2027, the filing states.
  • New CEO post-close: Brandon Moss, Chief Executive Officer of Shoals, will lead the combined company following closing; Kevin Hostetler will serve as a Special Advisor.
  • Board representation: The new board of the combined company will include four directors from the current ARRAY board, per the filing.
  • Headquarters retained: The combined company's headquarters and principal place of business will remain in Albuquerque, New Mexico, with corporate offices remaining in Chandler, Arizona.
  • New name and ticker pending: The filing states that management intends to announce a new corporate name and ticker symbol for the combined company in the coming months.
  • Q3 2026 earnings also announced: ARRAY disclosed that third quarter 2026 earnings results were released alongside the merger announcement, with a joint investor call held at 7:00 am CT on November 4, 2026.

ARRAY and Shoals Agree to Combine Solar Tracking and Electrical Infrastructure Businesses

According to the Form 425 filed with the SEC, Kevin Hostetler, Chief Executive Officer of ARRAY Technologies, sent an all-employee email on November 4, 2026, announcing that ARRAY had entered into a definitive agreement to merge with Shoals Technologies Group, Inc. (NASDAQ:SHLS). ARRAY describes itself in the filing as operating across solar tracking, engineered foundations, fixed-tilt, and wire management capabilities, characterizing its business as a "balance-of-system" platform that it has developed to position itself as a "technically integrated energy infrastructure platform."

The filing states that Shoals brings "leading electrical infrastructure and power delivery solutions" to the combination. Together, the companies expect the transaction to produce "greater scale, an enhanced global footprint, broader customer reach and significant financial benefits," as well as "greater product integration, simplified project execution, enhanced project economics and accelerated innovation," according to the filing. These characterizations are the company's own and subject to its cautionary forward-looking statements language included in the filing.

Hostetler's email addressed employee concerns directly, noting that an integration team will be formed with representatives from both companies and that integration will be overseen by the new combined board. The filing states that "day-to-day responsibilities, reporting structures, facilities, compensation and benefits remain unchanged" for all ARRAY team members during the period leading up to close.

What Was Disclosed

ARRAY Technologies filed a Form 425 on November 4, 2026, consisting of a CEO employee communication announcing a definitive stock-for-stock merger agreement with Shoals Technologies Group, Inc., expected to close in the first quarter of 2027, with Brandon Moss of Shoals set to lead the combined company.