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Tag: NASD: SHLS

Stock Investing

What Caused Shoals Technologies (SHLS) Stock To Fall 9% In Pre-Hours Session?

In premarket trading today, Shoals Technologies Group Inc. (NASDAQ: SHLS) fell -9.25% to close at $26.29 at the last check. This was followed by the announcement of an IPO. What has SHLS declared? A total of 20,000,000 shares of the company’s Class A common stock will be offered in an underwritten public offering, according to Shoals Technologies (SHLS), which made the announcement. The selling investors, which include Dean Solon and some of his associates, are offering 18,000,000 shares of the company’s Class A common stock while Shoals Technologies is offering 2,000,000 shares of its Class A common stock. The Underwriters