🟢 Array Technologies is trading 14% up in pre-market after announcing merger with Shoals Technologies

Array Technologies is trading at $5.27, up 13.6% in pre-market after announcing a stock-for-stock merger with Shoals Technologies.

• The November 4 move compares with the November 3 close of $4.64; Shoals shareholders are expected to own about 65% of the combined company.
• Third-quarter results showed a record $2.6 billion orderbook, while full-year revenue and adjusted EBITDA guidance were lowered.
• Available sources do not provide verified pre-market volume.