The Capital Markets team advised the underwriters of FTC Solar’s (Nasdaq: FTCI) initial public offering of 19,840,000 shares of its common stock at a price of $13 per share, before underwriting discounts and commissions. FTC granted the underwriters a 30-day option to purchase up to an additional 2,976,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services.
The Goodwin team was led by Benjamin Marsh, Martin Gomez, Kenneth Radcliffe, William Harrington, Elena Hera and Michael Wang.
For additional details on the offering, please read the press release.