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Sunlight Financial LLC, a Premier Residential Solar Financing

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TallTrader Member Level  Monday, 01/25/21 05:47:52 PM
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Sunlight Financial LLC, a Premier Residential Solar Financing Platform, to List on NYSE Through Merger With Apollo-Affiliated Spartan Acquisition Corp. II

Sunlight and Apollo-Affiliated Spartan Acquisition Corp. II (NYSE: SPRQ) Enter Into Business Combination Agreement

Institutional Investors Led By Chamath Palihapitiya, Coatue, Funds and Accounts Managed by BlackRock, Franklin Templeton and Neuberger Berman Commit to Invest $250 Million at Closing in Common Stock PIPE at $10.00 per Share

Pro Forma Implied Equity Value of the Combined Company is Approximately $1.3 Billion

Webcast Scheduled for Today at 9:00 AM Eastern

January 25, 2021 07:00 AM Eastern Standard Time
NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial LLC (“Sunlight”), a premier U.S. residential solar financing platform, and Spartan Acquisition Corp. II (NYSE: SPRQ) (“Spartan”), a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), today announced that they have entered into a definitive agreement for a business combination that will result in Sunlight becoming a publicly listed company.

https://www.businesswire.com/news/home/20210125005213/en/%C2%A0Sunlight-Financial-LLC-a-Premier-Residential-Solar-Financing-Platform-to-List-on-NYSE-Through-Merger-With-Apollo-Affiliated-Spartan-Acquisition-Corp.-II

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