The shares are listed on the Nasdaq Global Market

Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $2.2 billion initial public offering of 88,550,000 shares of Class A Common Stock by Shoals Technologies Group, Inc. and its controlling stockholder, which included 11,550,000 shares from the full exercise of the underwriters’ option to purchase additional shares from the selling stockholder. The common stock is listed on the Nasdaq Global Market under the symbol “SHLS.”

Shoals, headquartered in Portland, Tennessee, is a leading provider of electrical balance of system or “EBOS” solutions for solar energy projects in the United States. The company was founded to provide innovative EBOS solutions that reduce installation costs and improve reliability and safety. Shoals was the first company in the solar industry to successfully commercialize “plug-n-play” EBOS systems that use simple push connectors rather than the wire “crimps” used in conventional systems.

The Davis Polk capital markets team included partners Michael Kaplan and Roshni Banker Cariello and associates John H. Runne and Lia-Michelle Keane. The tax team included partner Mario J. Verdolini and associate Dov Sussman. Partner Frank J. Azzopardi provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. Partner Jason Kyrwood provided finance advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk deal team are based in the New York office.