Every material Form 8-K Array Technologies, Inc. has filed with the SEC since August 31, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
ARRAY Technologies agreed to merge with Shoals Technologies in a stock-for-stock deal, with ARRAY as the legal acquirer and Shoals becoming a wholly owned subsidiary. The companies expect the transaction to close in the first quarter of 2027, subject to shareholder and regulatory approvals, and ARRAY shareholders would hold about 35% of the combined company's basic shares.
Each Shoals share converts into 1.6931 ARRAY shares; Shoals shareholders are expected to own about 65% of combined basic shares at closing.
Preliminary, indicative pro forma 2027 revenue of $2.2 billion to $2.4 billion and Adjusted EBITDA of $410 million to $480 million, including year-one synergies.
ARRAY committed to redeem $317.5 million of Series A Perpetual Preferred Stock, with $161.3 million due within 90 days after closing.
ARRAY would owe Shoals a $40.3 million termination fee if its board changes its recommendation or it breaches non-solicitation obligations; closing expected in Q1 2027.
ARRAY Technologies reported third-quarter 2026 revenue of $330.2 million, down from $393.5 million a year earlier, and a net loss to common stockholders of $7.9 million, compared with net income to common stockholders of $18.4 million a year earlier. The company also lowered its full-year 2026 revenue, Adjusted EBITDA and Adjusted EPS ranges and announced a stock-for-stock merger agreement with Shoals Technologies Group, Inc.
Q3 2026 revenue was $330.2 million versus $393.5 million a year earlier; gross margin was 21.0% versus 26.9%.
Net loss to common stockholders was $7.9 million, or $0.05 per share, versus income of $18.4 million, or $0.12 per share, a year earlier.
2026 revenue guidance was cut to $1.34 billion to $1.40 billion from $1.4 billion to $1.5 billion; Adjusted EBITDA guidance was cut to $190 million to $210 million from $210 million to $230 million.
Record orderbook of $2.6 billion at September 30, 2026, up 42% year over year; merger agreement with Shoals announced in a separate press release.
Array Technologies said it completed its acquisition of Affordable Wire Management, LLC (AWM), a provider of wire management and balance-of-system products for solar and energy storage projects, on August 31, 2026. Buyer paid cash consideration of approximately $165 million, net of customary adjustments and subject to final post-closing settlement. The company expects the deal to be at least high single digit accretive to Adjusted EPS in the first year before synergies.
Acquisition of AWM completed August 31, 2026 under a purchase agreement dated July 16, 2026
Cash consideration of approximately $165 million, subject to final post-closing settlement
Expected to be at least high single digit accretive to Adjusted EPS in the first year before synergies
Kevin G. Hostetler is CEO of Array; Scott Rand and Dan Smith, AWM co-founders, join as leaders of the combined business
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