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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Mar. 29, 6:23 AM

Slide #59. SolarBank Corporation Solar Flow-Through Funds Ltd.

Acquirer: SolarBank Corporation (SUUNF)
Acquiree: Solar Flow-Through Funds Ltd.
Details: SolarBank Corporation (Cboe CA: SUNN) (OTC: SUUNF) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce today that it has entered into a definitive agreement (the "Agreement") with Solar Flow-Through Funds Ltd. ("SFF" or "Solar Flow-Through") to acquire all of the issued and outstanding common shares of SFF through a plan of arrangement for an aggregate consideration of up to $41.8 million in an all stock deal (the "Transaction"). The Transaction values SFF at up to $45 million but the consideration payable excludes the common shares of SFF currently held by SolarBank.

  SolarBank Corporation: SUUNF
  Solar Flow-Through Funds Ltd.: PRIVATE
 

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March 29, 2024    6:23 AM Eastern
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Strong Buy (3.55 out of 4)
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