From Nasdaq: 2025-06-19 15:18:00

Emeren Group Ltd. (SOL) has agreed to a merger with Shurya Vitra Ltd. at US$0.20 per ordinary share. The deal is expected to close in the third quarter of 2025, with each outstanding share canceled for cash. Investor Himanshu Shah will provide funding for the transaction. Emeren’s board unanimously supports the deal, pending shareholder approval. Once finalized, Emeren’s shares will stop trading on the NYSE. Kroll, LLC and Morrison & Foerster LLP advised the special committee, with DLA Piper LLP representing the buyer. SOL closed trading at $1.78, up 2.89% on the NYSE.



Read more at Nasdaq: Emeren Group To Be Acquired And Go Private In $2 Per ADS Cash Merger