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Retail Stock Sector and Chairman T.J. Rodgers Invest in Complete Solaria

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Complete Solaria, Inc. (NASDAQ: CSLR) faced a short attack last Monday, followed by a 16.6 million share buying spree by retail investors. Chairman T.J. Rodgers converted $5 million of CSLR debt to equity, demonstrating confidence in the company.
Lunedì scorso, Solaria, Inc. (NASDAQ: CSLR) ha subito un attacco speculativo breve, seguito da un acquisto massiccio di 16,6 milioni di azioni da parte degli investitori al dettaglio. Il presidente T.J. Rodgers ha convertito 5 milioni di dollari di debito CSLR in capitale proprio, dimostrando fiducia nella società.
El lunes pasado, Solaria, Inc. (NASDAQ: CSLR) fue objeto de un ataque corto, seguido por una compra de 16.6 millones de acciones por parte de inversores minoristas. El presidente T.J. Rodgers convirtió 5 millones de dólares de deuda de CSLR en capital, demostrando su confianza en la compañía.
지난 월요일, Solaria, Inc. (NASDAQ: CSLR)는 단기 공격을 받았으며, 이어 소매 투자자들이 1660만 주를 대량 매입했습니다. 회장 T.J. 로저스는 CSLR의 500만 달러 부채를 자본으로 전환하여 회사에 대한 신뢰를 보여주었습니다.
Lundi dernier, Solaria, Inc. (NASDAQ: CSLR) a été la cible d'une attaque à la baisse, suivie par un engouement d'achat de 16,6 millions d'actions par des investisseurs particuliers. Le président T.J. Rodgers a converti 5 millions de dollars de dette de CSLR en équité, démontrant sa confiance dans l'entreprise.
Am vergangenen Montag wurde Solaria, Inc. (NASDAQ: CSLR) mit einer Short-Attacke konfrontiert, gefolgt von einem Kaufrausch von 16,6 Millionen Aktien durch Kleinanleger. Der Vorsitzende T.J. Rodgers wandelte 5 Millionen Dollar CSLR-Schulden in Eigenkapital um, was sein Vertrauen in das Unternehmen zeigt.
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FREMONT, Calif., April 21, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQ: CSLR) 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.

Complete Solaria Chairman T.J. Rodgers said, “As an indication of my belief in the company last week, I converted $5 million of my CSLR debt to equity.”

About Complete Solaria
Complete Solaria is a solar company with unique technology and end-to-end customer offering, which includes financing, project fulfilment and customer service. Complete Solaria’s digital platform together with premium solar products enable one-stop service for clean energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.CompleteSolaria.com and follow us on LinkedIn.

Forward Looking Statements 
This press release may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the referenced transactions. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions, but the absence of these words does not mean that a statement is not a forward-looking statement. Forward-looking statements are forecasts, predictions, projections and other statements about future events that are based on current expectations, hopes, beliefs, intentions, strategies and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) risks that the sale of certain assets and other business items will not be completed on the terms set forth in the Asset Purchase Agreement or the ancillary agreements referenced in the Asset Purchase Agreement, if at all; (ii) the sale of assets disrupts current plans and operations of the companies or diverts managements’ attention from Complete Solaria’s business operations; (iii) the outcome of any legal proceedings that may be instituted in connection with the assets sale; (iv) the price of Complete Solaria’s securities may be volatile due to a variety of factors, including changes in the applicable competitive or regulatory landscapes, variations in operating performance across competitors, changes in laws and regulations affecting Complete Solaria’s business, and changes in the combined capital structure; (v) the ability to implement business plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional opportunities; (vi) the evolution of the markets in which Complete Solaria will compete.

The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 filed, which was declared effective by the Securities and Exchange Commission (the “SEC”) on June 30, 2023. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Complete Solaria assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

For investor inquiries, please contact:
Complete Solaria, Inc.
Sioban Hickie
Phone: +1 (510) 270-2537
CompleteSolariaIR@icrinc.com

Source: Complete Solaria, Inc.


FAQ

What event did Complete Solaria face last Monday?

Complete Solaria faced a short attack last Monday.

How many shares were bought by retail investors on Friday?

Retail investors bought 16.6 million shares on Friday.

How much debt did Chairman T.J. Rodgers convert to equity?

Chairman T.J. Rodgers converted $5 million of CSLR debt to equity.

Who is the Chairman of Complete Solaria?

The Chairman of Complete Solaria is T.J. Rodgers.

Complete Solaria, Inc.

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About CSLR

in pursuing our strategy of creating a global financial services group, we intend to add value to the target business through active engagement with its management team, and enabling that company to leverage the benefits of scale to grow and increase profitability.