Company: FTCI
Filing Date: 2025-05-01
Form Type: S-3
Source: 0001193125-25-109056
Chunk: 61

Company: FTC Solar, Inc.
Filing Date: 2025-05-01
Form: S-3
Chunk 61
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.35 |
| Dilution per share to new investors in this offering                                          |     |       |     | $2.07 |

The shares sold in this offering, if any, will be sold from time to time at various prices. An increase of $1.00 per share in the price at which the shares are sold from the assumed offering price of $3.42 per share shown in the table above, assuming all shares of our common stock having an aggregate offering price of up to $11,350,576 are sold at that price, would increase our as adjusted net tangible book value per share after the offering to $1.54 per share and would result in dilution in net tangible book value per share to new investors of $2.88 per share, after deducting commissions and estimated total offering expenses payable by us. A decrease of $1.00 per share in the price at which the shares are sold from the assumed offering price of $3.42 per share shown in the table above, assuming all shares of our common stock having an aggregate offering price of up to $11,350,576 are sold at that price, would decrease our as adjusted net tangible book value per share after the offering to $1.15 per share and would result in an increase in net tangible book value per share to new investors of $1.27 per share, after deducting commissions and estimated total offering expenses payable by us. This information is supplied for illustrative purposes only. To the extent that outstanding options are exercised or outstanding restricted stock units vest, investors purchasing our common stock in this offering will experience further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations. To the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders. S-15

The above discussion and table are based on 12,853,823 shares of common stock issued and outstanding as of December 31, 2024 and exclude the following:

| • |     | 1,799,715 shares of common stock reserved for future grant or issuance under our 2021 Stock Incentive Plan and    
 613,022 shares of common stock reserved for future grant or issuance under our 2021 Employee Stock Purchase Plan; |

| • |     | 219,653 shares of common stock issuable upon exercise or vesting of options, having a weighted average exercise                               
 price of $19.