On August 4, 2026, FTC Solar (FTCI) signed a purchase agreement with Lincoln Park Capital Fund, allowing the company to sell up to $20 million of its common stock, at its discretion, over a 24-month period. The company also filed a registration rights agreement to cover resale of those shares by Lincoln Park. The pricing mechanism is based on a discount to recent low closes (97% of the lowest of certain prices), and there are regular purchases capped at $1.0M per day plus accelerated purchases that can be stacked in a single day. The stock-for-cash line is very flexible and dilutive in nature.
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