Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 12

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 12
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 financing from new financing partners, which will require further time and expense to accomplish.

Potential Adverse Effects of the Approval of the Warrant Exercise Proposal; Interests and Voting Rights of AV Securities

If this Proposal No. 1 is approved, existing stockholders will incur dilution in their ownership interests in the future to the extent
that the Company issues shares upon exercise of the Warrants. Assuming the full exercise of the Warrants (and without taking into account any beneficial ownership limitations pursuant to the terms of the Warrants), an aggregate of 6,836,237
additional shares of our Common Stock will be outstanding, which would equal approximately 31.5% of our outstanding shares (based on 14,872,017 shares outstanding on the record date for the Special Meeting and assuming the full exercise of the
Warrants). As a result, the ownership interest of our existing stockholders would be correspondingly reduced. The issuance of shares of our Common Stock upon the exercise of the Warrants could also have a dilutive effect on our book value per share
and future earnings per share. In addition, the sale into the public market of these shares could materially and adversely affect the market price of our common stock.

AV Securities is a lender under the Credit Agreement and a Holder of Warrants. As of the record date for the Special Meeting, AV Securities
was the beneficial owner of 1,750,000 shares of Common Stock and has the power to cause such shares to be voted in favor of the Warrant Exercise Proposal. See “Security Ownership of Certain Beneficial Owners and Management” below for
further information regarding the ownership of our Common Stock and Warrants by AV Securities.

Vote Required and Board of Directors’ Recommendation

The approval of Proposal No. 1 requires the affirmative vote of the holders of a majority of the total votes
cast in person or by proxy at the Special Meeting. Abstentions will be treated as votes against Proposal No. 1. If your shares are held in “street name” by a broker, bank or other nominee, your broker, bank or other nominee does
not have authority to vote your unvoted shares held by the firm on this Proposal No. 1. As a result, any shares not voted by you will be treated as a broker non-vote. Such broker non-votes will have no effect on the results of the vote on Proposal No. 1.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR