Emeren Group Announces Notice of Extraordinary General Meeting

Rhea-AI Summary

Emeren Group (NYSE:SOL), a global solar and storage project developer, has announced an Extraordinary General Meeting (EGM) scheduled for October 21, 2025, at 10:00 a.m. EST in Raleigh, NC. The meeting's primary purpose is to vote on the proposed merger agreement with Shurya Vitra Ltd, which would result in Emeren becoming a wholly-owned subsidiary.

Shareholders of record as of September 15, 2025, will vote on three key resolutions: approval of the merger agreement, a non-binding advisory vote on merger-related executive compensation, and potential meeting adjournment if needed. The meeting will offer live audio webcast participation, though voting is limited to in-person or proxy attendance.

Positive

• None.

Negative

• Loss of independence as a public company after the merger
• Potential uncertainty regarding executive compensation packages

Insights

M&A Specialist

Emeren's announced merger vote signals potential acquisition by Shurya Vitra, representing a major corporate transformation requiring shareholder approval.

Emeren Group (NYSE: SOL) has scheduled a critical Extraordinary General Meeting (EGM) for October 21, 2025, where shareholders will vote on a proposed merger agreement with Shurya Vitra Ltd. This transaction would transform Emeren into a wholly-owned subsidiary of Shurya Vitra, fundamentally altering the company's corporate structure and ownership.

The merger represents a significant milestone in Emeren's corporate journey as a solar and storage project developer. The company has followed proper regulatory procedures by filing the necessary documentation with the SEC on September 2, 2025, establishing September 15, 2025, as the voting record date.

Beyond the merger approval itself, shareholders will also cast a non-binding advisory vote on executive compensation packages related to the transaction. Such compensation arrangements are standard in merger agreements but warrant investor scrutiny as they could represent significant capital outlays to current management.

While the press release doesn't disclose financial terms of the proposed merger, the transaction would completely change Emeren's ownership structure and likely impact public trading of its shares. Current shareholders should carefully examine the full proxy materials available on Emeren's investor relations site to understand the offer valuation, premium structure, and post-merger ownership rights before voting.

This announcement signals the company is in the advanced stages of being acquired, with only shareholder and regulatory approval remaining as potential hurdles to completing the transaction.

NORWALK, Conn., Sept. 2, 2025 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar and storage project developer, owner, and operator, today announced that its extraordinary general meeting (the "EGM") will be held at 2301 Sugar Bush Road, Suite 510, Raleigh, NC 27612, U.S. at 10:00 a.m. Eastern Standard Time on October 21, 2025. The record date for determination of shareholders entitled to vote at the meeting is September 15, 2025.

Shareholders will also be able to participate (but not vote) via live audio webcast in the EGM. To attend, please click the link below to access the webcast meeting:

Webcast Link: Here
Meeting ID: 288 224 241 391 8
Passcode: aG77CU3f

Copies of the notice of the EGM, proxy form, poll card and annual report will be available on Emeren's investor relations website at https://ir.emeren.com/.   

EGM Resolutions

The following resolutions to be proposed at the EGM will require a simple majority of the votes cast by the shareholders present in person or by proxy:

1. To approve the filing of the Agreement and Plan of Merger dated June 18, 2025, as amended by an amendment agreement dated September 2, 2025 (the "Merger Agreement"), by and among Shurya Vitra Ltd. ("Parent"), Emeren Holdings Ltd. ("Merger Sub") and the Company, the articles of merger and the plan of merger with the Registrar of Corporate Affairs of the British Virgin Islands in order to give effect to the merger of Merger Sub with and into the Company (the "Merger"), with the Company continuing as the surviving company as a wholly owned subsidiary of Parent, and to approve any and all transactions contemplated by the Merger Agreement.

2. To vote on a non-binding advisory basis to approve the compensation that may be paid or become payable to our named executive officers that is based on or otherwise relates to the Merger.

3. To vote on, if necessary or appropriate, the adjournment of the EGM, in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the EGM to pass the foregoing resolutions.

The date of the EGM is subject to postponement depending on the U.S. Securities and Exchange Commission's review of the transaction statement on Schedule 13E-3 and the preliminary proxy statement filed on September 2, 2025. In the event of any postponement, the Company will provide notice of the EGM in accordance with relevant laws and regulations and the Company's memorandum and articles of association.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar and storage projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.

For investor and media inquiries, please contact:

Emeren Group Ltd - Investor Relations
ir@emeren.com 

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SOURCE Emeren Group Ltd

FAQ

When is Emeren Group's (SOL) Extraordinary General Meeting scheduled for?

Emeren Group's EGM is scheduled for October 21, 2025, at 10:00 a.m. Eastern Standard Time in Raleigh, NC.

What are shareholders voting on at Emeren Group's (SOL) EGM?

Shareholders will vote on three key resolutions: the merger agreement with Shurya Vitra Ltd, approval of merger-related executive compensation, and potential meeting adjournment if needed.

What is the record date for Emeren Group's (SOL) EGM?

The record date for determining shareholders eligible to vote at the EGM is September 15, 2025.

What will happen to Emeren Group (SOL) after the merger?

If approved, Emeren Group will become a wholly-owned subsidiary of Shurya Vitra Ltd through a merger with Emeren Holdings Ltd.

Can shareholders attend Emeren Group's (SOL) EGM virtually?

Yes, shareholders can attend via live audio webcast, but voting is only available for those attending in person or by proxy.