Articles from Complete Solaria Inc.

LEHI, Utah, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a solar technology, services, and installation company, today announced the Company will release its financial and operational results, for the second quarter of 2024, after market close on Wednesday, August 14, 2024. Issuance of the earnings press release will be followed by a webcast conference call at 5:00 PM ET, hosted by T.J. Rodgers and the Complete Solaria management team.

LEHI, Utah, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced that it had received a coveted “Stalking Horse” position in the SunPower (Nasdaq: SPWR) Chapter 11 bankruptcy (https://newsroom.sunpower.com/2024-08-05-SunPower-Announces-Stalking-Horse-Asset-Purchase-Agreement-with-Complete-Solaria-to-Sell-Blue-Raven-Solar,-New-Homes,-and-its-Non-Installing-Dealer-Network). As the stalking horse bidder, Complete Solaria enjoys some benefits in the Chapter 11 legal process, including setting the first bid, and, more importantly, the right to negotiate the Asset Purchase Agreement (APA) with the SunPower team. The third-generation plan of our jointly created APA describes a new company created with the top employees from three solar companies from Salt Lake’s “Solar Valley,” the home to over 20 solar companies. The three companies are Blue Raven (from Orem), Complete Solaria (from Lehi), and Core Energies (from Logan). These three companies would then combine with SunPower’s expensive but very competent organization to become a cost-competitive solar power-house. The plan lowers our current headcount from 2587 to 1273, while still retaining our key Silicon Valley brain trust.

LEHI, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced that it had cancelled $67.6 million in debt from its balance sheet and been released from its obligations under that debt by its two private equity (PE) providers, Carlyle and Kline Hill Partners.

LEHI, Utah, June 17, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, of $10 million Convertible Senior Notes to an entity affiliated with Thurman J. Rodgers, Chief Executive Officer of CSLR (the "TJR Notes").

LEHI, Utah, June 13, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced the appointment of Daniel Foley as Chief Financial Officer, effective July 1, 2024. Mr. Foley will report to Complete Solaria’s CEO, TJ Rodgers.

FREMONT, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR), a leading solar technology, services, and installation company, today announced the appointment of Aaron Semliatschenko to the position of VP, U.S. Operations. Mr. Semliatschenko will report to Complete Solaria’s COO, Brian Wuebbels.

FREMONT, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today announced that a significant Complete Solaria private equity debt holder, Carlyle, has agreed to release the Company from its debt obligations in return for a third-party cash payment.

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, “We have re-invested the principal and interest on our loan back into Complete Solaria’s stock to participate in the Company’s future growth.” Kline Hill also agreed to buy 3.7 million Complete Solaria warrants.

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events.

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced the Company will release its financial and operational results, for the fourth quarter of 2023 and first quarter of 2024, after market close on Thursday, May 2. Issuance of the earnings press release will be followed by a webcast conference call at 5:00 PM ET, hosted by T.J. Rodgers and the Complete Solaria management team.

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today announced that T.J. Rodgers will become the company’s Chief Executive Officer (CEO). Rodgers said, “First, I would like to thank Chris Lundell, our current CEO, who came in at the board’s request to stabilize the company during a stressful period of rapid headcount reduction. Chris will remain on the Company’s board. Moving forward, I believe in the Company’s mission and I will step up to the CEO job to use my experience at fund raising and M&A to help it succeed. That said, I will resign as CEO when one of two endpoints occurs: success, when we are on a solid economic footing and growing rapidly – or failure, when I believe that the chokehold our private equity debt holders have on us will prevent the company from ever being successful.”

FREMONT, Calif., April 29, 2024 (GLOBE NEWSWIRE) --  Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today announced that T.J. Rodgers will become the company’s Chief Executive Officer (CEO). Rodgers said, “First, I would like to thank Chris Lundell, our current CEO, who came in at the board’s request to stabilize the company during a stressful period of rapid headcount reduction. Chris will remain on the Company’s board. Moving forward, I believe in the Company’s mission and I will step up to the CEO job to use my experience at fund raising and M&A to help it succeed. That said, I will resign as CEO when one of two endpoints occurs: success, when we are on a solid economic footing and growing rapidly – or failure, when I believe that the chokehold our private equity debt holders have on us will prevent the company from ever being successful.”

FREMONT, Calif., April 21, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today released an updated version of its internal memo detailing the short attack on Complete Solaria last Monday, April 15, with new information on last Friday’s 16.6 million share buying spree by retail investors. A link to the memo issued today can be found here.

FREMONT, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today released an internal document which describes what appears to be a short attack on its stock on the trading day after it launched and announced its first major employee stock option program. The attack is described in detail in the memo to employees, which can be viewed via the link here.

FREMONT, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today reported on its current financial status, which includes progress on its cash burn rate, and the status of its debt with private equity firms Kline-Hill Partners and Carlyle, which together hold about $70 million in debt owed on about $35 million of principal, split roughly equally between the two (see our 10K for exact numbers). First, we report on our progress in turning Complete Solaria (CSLR) around financially, starting with our dramatic headcount reduction from 428 to 109 (-74.5%) in seven rounds of layoffs.

FREMONT, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR), a leading solar technology, services, and installation company, today announced that T.J. Rodgers, Complete Solaria’s chairman, had invested $5 million in the company at the market price via private placement.

FREMONT, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR), a leading solar technology, services, and installation company, today announced the appointment of Chris Lundell as Chief Executive Officer, effective immediately. Mr. Lundell will report to Complete Solaria’s Executive Chairman, T.J. Rodgers.

FREMONT, Calif., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQCSLR) today announced that Taner Ozcelik will not join the Company as its new CEO and that Founder Will Anderson will remain interim CEO.

FREMONT, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Complete Solaria Inc. (NASDAQCSLR) published its third quarter 2023 results, which will be reviewed for investors at 5:00 p.m. EST today at https://investors.completesolaria.com/.

FREMONT, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, will release its financial results for the third quarter of 2023, after the market closes on Tuesday, November 14, 2023. The earnings press release will be followed by a webcast conference call at 2:00 PM PT / 5:00 PM ET on November 14, 2023, to discuss the company’s business updates, key milestones, and financial results.

FREMONT, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria'' or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, announces completion of its previously disclosed asset sale, including Solaria’s dealer channel operations and contracts, as well as Complete Solaria’s solar panel patent portfolio relating primarily to shingled cell solar panel technology, to Maxeon Solar Technologies, Ltd. (Nasdaq: MAXN), for 1.1 million shares. The agreement also included a provision for the supply of Maxeon’s premium, advanced-performance, high-efficiency solar panels to Complete Solaria.

SINGAPORE and FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Maxeon Solar Technologies, Ltd. (Nasdaq: MAXN) (“Maxeon”), a global leader in solar innovation and channels, and Complete Solaria, Inc. (Nasdaq: CSLR) (“Complete Solaria”), a leading solar technology, services and installation company, announced today that Complete Solaria’s subsidiary, SolarCA LLC, has entered into an Asset Purchase Agreement for the sale of certain assets to Maxeon. The agreement also includes a supply agreement for Maxeon to supply its premium, high-performance, high-efficiency solar panels to Complete Solaria. The assets to be acquired include Solaria’s dealer channel operations and contracts, as well as Complete Solaria’s solar panel patent portfolio relating primarily to shingled cell solar panel technology.

FREMONT, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Complete Solaria Inc. (NASDAQCSLR) published its second quarter 2023 results, which will be reviewed for investors at 5:00 p.m. EDT today, https://investors.completesolaria.com/.

FREMONT, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced they have entered into a Non-Binding Letter of Intent to sell certain Complete Solaria’s North American solar panel assets to a global, tier-1 panel manufacturer. The agreement also includes a provision for the buyer to supply premium, high-power solar panels to Complete Solaria.

FREMONT, Calif., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced it will host a one-hour call on Tuesday, August 22, 2023 at 5:00pm ET, to review Q2 results and the residential solar market. The formal presentation will be followed by a live question and answer session.