Company: FTCI
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001193125-25-109003
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Company: FTC Solar, Inc.
Filing Date: 2025-05-01
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On May 1, 2025, FTC Solar, Inc. (the “ Company”) entered into an At The Market Offering Agreement (the “ ATM Agreement”) with H. C. Wainwright & Co., LLC (“ Wainwright”), to sell shares of its common stock, par value $0.0001 per share (the “ Common Stock”) having an aggregate offering price of up to $11,350,576 (the “ Shares”), from time to time, through an “at the market offering” program under which Wainwright will act as sales agent and/or principal. The sales, if any, of the Shares made under the ATM Agreement will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended.

The Company has agreed to pay Wainwright a placement fee of up to 3.0% of the of the gross sales price of the Shares sold and has agreed to provide Wainwright with customary indemnification and contribution rights. The Company has also agreed to reimburse Wainwright for certain specified expenses in connection with entering into the ATM Agreement. The ATM Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto.

The Company is not obligated to sell any of the Shares under the ATM Agreement and no assurance can be given that the Company will sell any Shares under the ATM Agreement, or if such sales occur, no assurance can be given as to the price or number of Shares that will be sold, or the dates on which any such sales will take place. The Company or Wainwright may at any time suspend solicitation and offers of Shares thereunder and the ATM Agreement may be terminated by either the Company or Wainwright, as permitted therein. The Company currently intends to use all proceeds raised in connection with the sale of Shares for working capital and general corporate purposes.

The Shares will be issued pursuant to the prospectus supplement (the “ Prospectus Supplement”), dated May 1, 2025, to the base prospectus included in the Company’s shelf registration statement on FormS-3(FileNo. 333-265842)filed by the Company with the U. S. Securities and Exchange Commission (“ SEC”) on June 27, 2022, and declared effective by the SEC on July 7, 2022 (the “ Registration Statement