Array Technologies, Inc. filed a Form 425 on November 4, 2026, disclosing a supplier and business partner communication sent by President and COO Neil Manning regarding the company's proposed stock-for-stock merger with Shoals Technologies Group, Inc.

Key Highlights

  • Definitive agreement: ARRAY Technologies disclosed it has entered into a definitive agreement to combine with Shoals Technologies Group, Inc. in a stock-for-stock merger, according to the filing.
  • Combined company leadership: The filing states that Brandon Moss, CEO of Shoals, will lead the combined company upon completion of the transaction.
  • Transition role: Kevin Hostetler will serve as Special Advisor to help ensure a smooth transition, the filing disclosed.
  • Separate operations until close: According to the filing, ARRAY and Shoals will continue to operate as separate companies until the transaction closes, with no impact to existing agreements or day-to-day operations.
  • Subject company: The filing identifies Shoals Technologies Group, Inc. as the subject company, with Commission File No. 001-39942.
  • Communication author: The supplier email was sent by Neil Manning, President and Chief Operating Officer of ARRAY Technologies.

ARRAY Technologies Discloses Supplier Communication on Shoals Merger Agreement

Filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, the communication was sent to ARRAY's priority suppliers and business partners on November 4, 2026 at 1:00:33 PM Eastern Standard Time. The filing identifies Shoals Technologies Group, Inc. as the subject company. The message, authored by Neil Manning, President and Chief Operating Officer, informed recipients that ARRAY Technologies had entered into a definitive agreement to combine with Shoals in a stock-for-stock merger.

According to the filing, the communication described Shoals as "a leading provider of solar electrical infrastructure and power delivery systems, with growing capabilities in battery energy storage and data centers." The filing stated that the combined company is intended to bring together "market-leading, complementary solutions across foundations, trackers, fixed-tilt racking, electrical infrastructure, wire management and power delivery systems." The filing disclosed that Brandon Moss, CEO of Shoals, will lead the combined company, and that Kevin Hostetler will serve as Special Advisor during the transition period.

The filing emphasized that existing supplier agreements, points of contact, and day-to-day operations would not be affected by the announcement. The communication noted that stockholder and regulatory approvals are among the conditions required for the transaction to close. The filing also stated that ARRAY and Shoals expect to file a joint proxy statement with the SEC, and that ARRAY intends to file a registration statement on Form S-4 that will include a joint proxy statement and prospectus. The filing contains forward-looking statements that the companies describe as subject to risks and uncertainties, and cautions readers not to place undue reliance on them.

What Was Disclosed

ARRAY Technologies filed a Form 425 disclosing a November 4, 2026 email to priority suppliers and business partners announcing a definitive stock-for-stock merger agreement with Shoals Technologies Group, Inc., identifying post-close leadership, and confirming continued separate operations until the transaction is completed.