Company: FTCI
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-125092
Chunk: 24

Company: FTC Solar, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 24
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 and market conditions such as inflation, recessions, interest rate changes or international currency fluctuations, may cause the market price of our common stock to decline. As a result, you may not be able to resell any of your shares of our common stock at or above the price paid. S-13

USE OF PROCEEDS

We intend to use the net proceeds, if any, from this offering for general corporate purposes, including working capital and operating
expenses. We may also use a portion of such proceeds to acquire or invest in businesses, products, services or technologies; however, we do not have binding agreements or commitments for any material acquisitions or investments at this time.

The amount of proceeds from this offering will depend upon the number of shares of our common stock sold and the market price at which they
are sold. We may not sell any shares under or fully utilize the Sales Agreement with Wainwright as a source of financing. Therefore, the actual aggregate offering price, commissions and net proceeds are not determinable at this time.

S-14

DILUTION If you purchase shares of our common stock in this offering, you will experience dilution to the extent of the difference between the price per share you pay in this offering and the as adjusted net tangible book value per share of our common stock immediately after this offering. Our net tangible book value as of March 31, 2025 was approximately $7,396,000, or $0.57 per share. Net tangible book value per share represents our total tangible assets (total assets less intangible assets) less total liabilities, divided by the number of shares of our common stock outstanding as of March 31, 2025. Dilution in net tangible book value per share represents the difference between the amount per share paid by purchasers of shares of common stock in this offering and the as adjusted net tangible book value per share of our common stock immediately after giving effect to this offering. After giving effect to the sale of shares of our common stock having an aggregate offering price of up to $13,755,287 in this offering at an assumed offering price of $4.10, the last reported sale price of our common stock as reported on Nasdaq on May 14, 2025, and after deducting commissions and estimated total offering expenses payable by us, our as adjusted net tangible book value as of March 31, 2025 would have been approximately $20,739,000, or $1.26 per share. This represents an immediate increase in net