Sunlight Financial Completes Business Combination, Will Begin Trading on NYSE as ‘SUNL’
The combined company is named
“This is a momentous day for Sunlight and we are excited to accelerate the transition to a clean energy future as a publicly-traded company,” said
The Business Combination was funded by a combination of Spartan’s cash-in-trust and
“As a company at the nexus of fintech, solar and ESG, Sunlight has an incredible opportunity to empower more homeowners to embrace clean energy technologies,” said
Citi acted as exclusive financial advisor to Sunlight. Credit Suisse, Citi and Cowen acted as PIPE placement agents to Spartan.
Spartan is a special purpose acquisition entity focused on the energy value chain in
The information included herein and in any oral statements made in connection herewith may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. All statements, other than statements of present or historical fact contained herein regarding the Business Combination are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “could,” “should,” “would,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “continue,” “project,” or the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Sunlight disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Sunlight cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Sunlight. In addition, Sunlight cautions you that the forward-looking statements contained herein are subject to the following factors: (i) the effect of the Business Combination on Sunlight’s business relationships, operating results, and business generally; (ii) the outcome of any legal proceedings that have been or may be instituted in connection with the Business Combination; (iii) the risk that the Business Combination disrupts Sunlight’s current plans and operations, including potential difficulties in Sunlight’s employee retention as a result of the Business Combination; (iv) Sunlight’s ability to realize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition and the ability of the Sunlight to grow and manage growth profitably following the Business Combination; (v) costs related to the Business Combination; (vi) changes in applicable laws or regulations; (viii) the ability to meet the NYSE’s continued listing standards following the consummation of the Business Combination and (viii) the possibility that Sunlight may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described herein, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Spartan’s and Sunlight’s periodic filings with the