Array Technologies, Inc. filed a Form 425 communication on November 4, 2026, disclosing a definitive agreement to combine with Shoals Technologies Group, Inc. in a stock-for-stock merger, as conveyed in a customer email signed by ARRAY CEO Kevin Hostetler.

Key Highlights

  • Definitive agreement reached: ARRAY Technologies announced it has entered into a definitive agreement to combine with Shoals Technologies Group, Inc. in a stock-for-stock merger, according to the filing.
  • Leadership transition planned: Upon completion of the transaction, Brandon Moss, CEO of Shoals, will lead the combined company, with ARRAY CEO Kevin Hostetler serving as Special Advisor.
  • Combined platform described: The filing states the combined company would bring together foundations, trackers, fixed-tilt racking, electrical infrastructure, wire management, and power delivery systems.
  • Existing contracts unchanged: The filing states that the announcement "does not change your existing contracts, points of contact or day-to-day operations" for ARRAY customers.
  • Separate operations continue: Until the transaction closes, ARRAY and Shoals will continue to operate as separate companies, according to the filing.
  • Regulatory and stockholder approvals required: The filing identifies obtaining stockholder and regulatory approvals as conditions to completing the proposed transaction.

ARRAY Technologies Discloses Merger Agreement with Shoals Technologies Group

Array Technologies, Inc. filed a Form 425 communication with the SEC on November 4, 2026, disclosing that the company has entered into a definitive agreement to combine with Shoals Technologies Group, Inc. (Commission File No.: 001-39942) in a stock-for-stock merger. The disclosure took the form of a customer email sent by ARRAY on the same date and signed by Kevin Hostetler, Chief Executive Officer of ARRAY.

According to the filing, Shoals is described as "a leading provider of solar electrical infrastructure and power delivery systems, with growing capabilities in battery energy storage and data centers." The filing states that the companies believe the combined entity will be "positioned to better serve customers across the solar value chain, data center markets and beyond." The filing further states that the combined company expects to "deliver more integrated and interoperable solutions that reduce installation costs, streamline project execution and lower long-term maintenance requirements."

On leadership, the filing discloses that Brandon Moss, CEO of Shoals, will lead the combined company upon transaction close, while Kevin Hostetler will serve as Special Advisor. The filing notes that ARRAY and Shoals intend to file a joint proxy statement with the SEC, and that ARRAY intends to file a registration statement on Form S-4 that will also constitute a prospectus. The communication contains forward-looking statements, which the filing identifies as subject to risks and uncertainties, including obtaining required approvals, integration risks, and other factors detailed in each company's annual and quarterly regulatory filings.

What Was Disclosed

Array Technologies filed a Form 425 customer communication disclosing a definitive stock-for-stock merger agreement with Shoals Technologies Group, Inc., identifying post-close leadership, expected customer impacts, and conditions required to complete the transaction.