Array Technologies, Inc. filed a Form 425 on November 4, 2026, disclosing the script of an all-employee town hall led by CEO Kevin Hostetler announcing a definitive agreement to combine with Shoals Technologies Group, Inc.

Key Highlights

  • Definitive agreement announced: Array Technologies has entered into a definitive agreement to combine with Shoals Technologies Group, Inc., according to the filing.
  • Expected closing timeline: The transaction is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals and other customary closing conditions.
  • Leadership transition: Shoals CEO Brandon Moss will lead the combined company following closing; Kevin Hostetler will transition to a Special Advisor role.
  • Board composition: The combined company will be overseen by a 10-member board with four independent directors from each company, and Brad Forth will continue to serve as Chair.
  • Headquarters and offices: The combined company's headquarters and principal place of business will remain in Albuquerque, New Mexico, with corporate offices in Chandler, Arizona.
  • New name and ticker planned: The filing states the combined company intends to announce a new corporate name and ticker symbol in the coming months.
  • No immediate operational changes: The filing states that until closing, Array and Shoals will continue to operate as separate, independent companies, with day-to-day responsibilities, reporting structures, facilities, compensation, and benefits unchanged.

Array Technologies and Shoals Technologies Agree to Combine into Integrated Energy Infrastructure Platform

Array Technologies, Inc. filed a Form 425 with the SEC on November 4, 2026, containing the script of an all-employee town hall held that same day. According to the filing, Array has entered into a definitive agreement to combine with Shoals Technologies Group, Inc. (Commission File No. 001-39942). The filing was submitted 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, with Shoals Technologies Group, Inc. named as the subject company.

As described in the filing, CEO Kevin Hostetler characterized the combination as creating "an integrated energy infrastructure platform spanning structural and electrical balance-of-system solutions." The filing notes that Shoals CEO Brandon Moss and his team "have built a leading position in solar electrical infrastructure, with expanding capabilities in battery energy storage and data center power systems." Hostetler stated that the transaction is expected to "broaden our capabilities, deepen our customer relationships and create a stronger foundation for long-term growth," and described the deal as a "win-win-win" for employees, customers, and shareholders. These characterizations are the company's own, and the filing contains forward-looking statements subject to the company's cautionary language.

According to the filing, an integration planning process with representatives from both organizations is planned to determine how the companies will combine their respective strengths and capabilities. The filing states that the combined company intends to announce a new corporate name and ticker symbol in the coming months. Media inquiries are directed to Steven Kirsch on Array's Communications team, and investor inquiries to James Grout on the Investor Relations team, per the filing.

What Was Disclosed

Array Technologies filed a Form 425 disclosing the script of a November 4, 2026 all-employee town hall announcing a definitive agreement to combine with Shoals Technologies Group, with closing expected in Q1 2027, subject to shareholder and regulatory approvals.