Company: FTCI
Filing Date: 2025-05-16
Form Type: S-3/A
Source: 0001193125-25-121719
Chunk: 23

Company: FTC Solar, Inc.
Filing Date: 2025-05-16
Form: S-3/A
Chunk 23
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 a variety of corporate finance transactions, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could make more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise. Business Combinations We are subject to the provisions of Section 203 of the DGCL, regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances, from engaging in a “business combination” with:

| • |     | a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested 
 stockholder”);                                                                                        |

| • |     | an affiliate of an interested stockholder; or |

| • |     | an associate of an interested stockholder for a period of three years following the date that the stockholder 
 became an interested stockholder.                                                                             |

A “business combination” includes a merger or sale of more than 10% of our assets. However, the above provisions of Section 203 of the DGCL do not apply if:

| • |     | our board of directors approves the transaction that made the stockholder an “interested stockholder” 
 prior to the date of the transaction;                                                                 |

| • |     | after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that                                                
 stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of common stock; or |

| • |     | on or subsequent to the date of the transaction, the business combination is approved by our board of directors                                                                                     
 and authorized at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder. |

For purposes of this section only, “voting stock” has the meaning given to it in Section 203 of the DGCL. 16

No Cumulative Voting

Under Delaware law, the right to vote cumulatively does not exist unless the certificate of incorporation specifically authorizes cumulative
voting. Our amended and restated certificate of incorporation does not authorize cumulative voting. Therefore, stockholders holding a majority of the shares of our capital stock entitled to vote generally in the election of directors are able to
elect all our directors.

Classified Board of Directors

Our amended and restated certificate of incorporation provides that our board of directors is divided into three classes,