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

Company: FTC Solar, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 25
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 tangible book value of $0.61 per share to existing stockholders and an immediate decrease in net tangible book value of $2.88 per share to new investors purchasing our common stock in this offering. The following table illustrates this dilution on a per share basis:

| Assumed offering price per share                                                           |     |       |     | $4.10 |
| Historical net tangible book value per share on March 31, 2025                             |     | $0.57 |     |       |
| Increase in net tangible book value per share attributable to this offering                |     | $0.70 |     |       |
| As adjusted net tangible book value per share as of March 31, 2025, after giving effect to 
 this offering                                                                              |     |       |     | $1.26 |
| Dilution per share to new investors in this offering                                       |     |       |     | $2.84 |

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 $4.10 per share shown in the table above, assuming all shares of our common stock having an aggregate offering price of up to $13,755,287 are sold at that price, would increase our as adjusted net tangible book value per share after the offering to $1.46 per share and would result in dilution in net tangible book value per share to new investors of $3.64 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 $4.10 per share shown in the table above, assuming all shares of our common stock having an aggregate offering price of up to $13,755,287 are sold at that price, would decrease our as adjusted net tangible book value per share after the offering to $1.06 per share and would result in an increase in net tangible book value per share to new investors of $2.04 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.