ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for smarter Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Sunlight Financial Holdings Inc (PK)

Sunlight Financial Holdings Inc (PK) (SUNLQ)

0.0121
0.00
(0.00%)
Closed 21 June 6:00AM

Professional-Grade Tools, for Individual Investors.

SUNLQ News

Official News Only
0 articles were found

SUNLQ Discussion

View Posts
Renee Renee 6 months ago
SUNLQ: BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions
πŸ‘οΈ0
Renee Renee 8 months ago
SUNL: effective Nov. 1,2023 SUNL will change to SUNLQ, bankruptcy.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
πŸ‘οΈ0
Monksdream Monksdream 9 months ago
SUNL new 52 week low
πŸ‘οΈ0
Renee Renee 9 months ago
SUNL delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions
πŸ‘οΈ0
glenn1919 glenn1919 10 months ago
SUNL.......................https://stockcharts.com/h-sc/ui?s=SUNL&p=W&b=5&g=0&id=p86431144783
πŸ‘οΈ0
2020Benzo 2020Benzo 10 months ago
Why is this running on expected bad earning?
πŸ‘οΈ0
RagingStocks RagingStocks 2 years ago
Slow riser. Upside potential.
πŸ‘οΈ0
StockLogistics StockLogistics 2 years ago
Heading lower to 2.41 below lower bollinger band on 6 month chart
πŸ‘οΈ0
BottomBounce BottomBounce 2 years ago
People think solar panels protect the environment but they require 300+ times as much land as conventional energy sources and now the Los Angeles Times has discovered that they could "contaminate groundwater with toxic heavy metals such as lead, selenium and cadmium." People think solar panels protect the environment but they require 300+ times as much land as conventional energy sources and now the Los Angeles Times has discovered that they could "contaminate groundwater with toxic heavy metals such as lead, selenium and cadmium." pic.twitter.com/SlfDj54n8T— Michael Shellenberger (@shellenberger) July 18, 2022 $SUNL
πŸ‘οΈ0
StockLogistics StockLogistics 2 years ago
3.68 gap
πŸ‘οΈ0
StockLogistics StockLogistics 2 years ago
Build back better down the tubes, stock increases, its so contrarian and trendy to invest that way
πŸ‘οΈ0
StockLogistics StockLogistics 2 years ago
No Build Back Better Bill, SUNL is soon to be lower
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
All the way up now, Sunshine Square Deal
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
Bull trap set today intentionally creating gaps to short during the trading session imo
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
SUNLIGHT FINANCIAL HOLDINGS INC.
Up to 143,702,083 Shares of
Class A Common Stock
9,900,000 Warrants to Purchase
Class A Common Stock
__________________

https://www.otcmarkets.com/filing/html?id=15268992&guid=G9twkFk04l4lh3h
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
150 days after the initial business combination is December 12, 2021, for the founders warrants to be exercised they would have to stay above 12.00 for 20 days out of 30 days after that date to cash in those warrants, and the other warrants are for 11.50 a share. Right now we are at 5.20 a share, if we could get a major run to $40 then the 11.50 a share warrants would be gone and the price could already be above 12.00 on December 12th through the New Year. Then on New Years Day or the day after they would cash in the warrant. What does this mean, looking at the chart we are ready to increase, the price should double at minimum these next two months. All imo.
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
Share Structure

Market Cap Market Cap
441,155,806
10/14/2021
Authorized Shares
Not Available
Outstanding Shares
84,837,655
08/13/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value

SEC Filings
FORM TYPE RECEIVED PERIOD END DATE
424B3 10/06/2021
4 10/01/2021 09/30/2021
S-8 10/01/2021
4 09/13/2021 09/10/2021
4 09/13/2021 09/10/2021

This prospectus supplement supplements the prospectus dated September 7, 2021 of Sunlight Financial Holdings Inc. (β€œSunlight”) relating to the issuance by us of (i) up to an aggregate of 17,250,000 shares of our Class A Common Stock, par value $0.0001 per share (β€œClass A Common Stock”), that are issuable upon the exercise of our publicly-traded warrants (the β€œpublic warrants”), (ii) up to 9,900,000 shares of our Class A Common Stock issuable upon exercise of private placement warrants issued to Spartan Acquisition Sponsor II LLC (the β€œprivate placement warrants” and, together with the public warrants, the β€œSunlight Warrants”) at an exercise price of $11.50 per share, (iii) 1,712,711 shares of Class A Common Stock held, and expected to be held, by Sunlight in respect of net withholding for tax payments of certain recipients of Class A Common Stock as consideration in connection with the Business Combination (as defined in the prospectus) and (iv) up to 627,780 shares of Class A Common Stock that are issuable upon the exercise of certain other warrants (the β€œTech Capital Warrants”) at an exercise price of $7.715 per share, and the sale from time to time of (A) 1,712,711 shares of Class A Common Stock held, and expected to be held, by Sunlight in respect of net withholding for tax payments of certain recipients of Class A Common Stock as consideration in connection with the Business Combination and sale by us, (B) upon the expiration of lock-up agreements, as applicable, of up to 122,157,418 shares of our Class A Common Stock, including such shares subject to issuance upon redemption of our Class C Common Stock (and Class EX Units) on a one-for-one basis, by the selling stockholders named in this prospectus or their permitted transferees (the β€œSelling Stockholders”) and (C) up to 9,900,000 private placement warrants by the selling holders thereof (the β€œSelling Warrantholders,” together with the Selling Stockholders, the β€œSelling Securityholders”

https://www.otcmarkets.com/filing/html?id=15268992&guid=QhEwka8BtcUUJth

β€œ The holders of the Founders Shares agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the Initial Business Combination or (B) subsequent to the Initial Business Combination, (x) if the reported last sale price of the Company’s Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other

F-35
TABLE OF CONTENTS

similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property.
Private Placement Warrants
Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 9,900,000 Private Placement Warrants, at a price of $1.00 per Private Placement Warrant to the Sponsor, generating proceeds of $9.9 million.
Each whole Private Placement Warrant is exercisable for one whole share of the Company’s Class A common stock at a price of $11.50 per share. A portion of the purchase price of the Private Placement Warrants was added to the proceeds from the Initial Public Offering held in the Trust Account. If the Initial Business Combination is not completed within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.
The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the Initial Business Combination”

https://www.otcmarkets.com/filing/html?id=15214176&guid=QhEwka8BtcUUJth
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
β€œ 4:15p ET 8/16/2021 - Dow Jones
Press Release: Sunlight Financial Reports Second Quarter 2021 Results
Mentioned: SUNL
Sunlight Financial Reports Second Quarter 2021 Results

- Year-over-Year Funded Loan Volume Triples to $666 Million in 2Q 2021 -

- Year-over-Year Total Revenue up 162% to $26.9 Million in 2Q 2021 -

- 2Q 2021 Net Income increased to $5.2 Million, up from $(1.2) Million in 2Q 2020 -

- 2Q 2021 Adjusted EBITDA increased to $11.5 Million, up from $0.2 Million in 2Q 2020 -

- Revises Full-Year 2021 Outlook for Key Metrics -
NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--August 16, 2021--

Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today provided financial results for the second quarter ended June 30, 2021.

"Sunlight generated a record level of loan volume in the second quarter of 2021, with funded loans of $666 million, demonstrating our unique ability to meet the growing demand for residential solar with our best-in-class point-of-sale technology platform and our high-quality contractor partnerships," said Matt Potere, Chief Executive Officer of Sunlight. "Our strong funded loan volume led to profitable earnings growth, with Total Revenue up 162% and significant Net Income and Adjusted EBITDA increases relative to the second quarter of 2020.

"We also grew our contractor network by 77% since the second quarter of 2020, bringing our total active contractor base to nearly 1,400, and saw a record-high battery attachment rate of 26%, driving our average solar loan balance up 15% relative to the second quarter of 2020," added Mr. Potere. "Sunlight is well-positioned to pursue its growth strategy as a public company, continuing to provide frictionless financing and innovative products to homeowners to support the transition to a clean energy future."

All financial and operating results included in this release are for the Sunlight Financial LLC business, and do not give effect to the closing of the business combination with Spartan Acquisition Corp. II ("Spartan"), which occurred on July 9, 2021 (after the close of the quarter ended June 30, 2021).

Second Quarter 2021 Key Financial Metrics
-- Total funded loans of $666 million, tripling from $222 million in the prior-year period -- Total Revenue of $26.9 million, a 162% increase from $10.3 million in the prior-year period -- Net Income of $5.2 million, up from a net loss of $(1.2) million in the second quarter of 2020 -- Adjusted EBITDA of $11.5 million, a significant increase from $0.2 million in the prior-year period -- Adjusted EBITDA Margin of 42.7%, nearly 20x Adjusted EBITDA margin of 2.2% in the second quarter of 2020

Second Quarter 2021 Key Operational Metrics
-- Borrower counts increased to a new quarterly high of 18,572, more than doubling from 6,894 borrowers in the second quarter of 2020 -- New contractor relationships grew 77% relative to the second quarter of 2020, with 46 new solar contractors and 138 new home improvement contractors joining the Sunlight platform in the second quarter of 2021 -- Battery attachment rate of 26%, triple the rate of just under 9% in the prior-year period -- Average loan balance increased 11% year-over-year to $35,870, with solar loans averaging $39,852 in the second quarter of 2021

Recent Business Highlights
-- Following the successful completion of the business combination with Spartan on July 9, 2021, Sunlight began trading on the New York Stock Exchange ("NYSE") under the ticker symbol "SUNL" on July 12, 2021. -- As of June 30, 2021, Sunlight had a cumulative funded loan total of $4.8 billion, and is poised to surpass $5 billion in cumulative funded loans in the third quarter of 2021. -- On August 5, 2021, Sunlight announced innovative and competitive new loan products for residential solar and energy storage systems that provide additional term and pricing options for contractors to enable cost-saving installations for homeowners.

Full-Year 2021 Outlook

Sunlight is revising its previously provided full-year 2021 financial forecast for funded loans, Total Revenue and Adjusted EBITDA to the following ranges:
-- Expected 2021 Total funded loans of $2.6 - $2.8 billion -- Expected 2021 Total Revenue of $113 - $121 million -- Expected 2021 Adjusted EBITDA of $46 - $51 million -- Expected 2021 Adjusted EBITDA Margin of 38% - 42%

Sunlight continues to expect a strong year-over-year increase in funded loans and the business is well-positioned for long-term growth. Near-term forecasts for Total Revenue and Adjusted EBITDA, however, have been impacted both by higher-than-expected costs related to transitioning to, and operating as, a public company, and by lower expectations for Platform Fee Margins resulting from the competitiveness of the market. Each of these drivers account for roughly half of the overall difference in Adjusted EBITDA between Sunlight's previous guidance and the mid-point of this revised guidance. As a result of previously enacted pricing changes, however, Platform Fee Margins are expected to improve from 2Q 2021 levels throughout the second half of 2021.

The mid-points of the updated 2021 outlook reflect robust year-over-year growth of 84% for funded loans, 68% for Total Revenue, and 102% for Adjusted EBITDA relative to full-year 2020 actual results.

Sunlight plans to initiate full-year 2022 guidance on its fourth quarter and full-year 2021 earnings call early next year.

Conference Call Information

Sunlight will host a conference call and webcast to discuss its second quarter 2021 financial and operational results and business outlook at 5:00 PM ET today, August 16, 2021. The conference call will be webcast live from the Company's investor relations website at ir.sunlightfinancial.com. A replay will be available on the investor relations website following the call.

Earnings Presentation

A supplemental earnings presentation is available at ir.sunlightfinancial.com. Additional information is available in the Form 8-K/A, which Sunlight filed with the SEC on August 16, 2021.

About Sunlight Financial

Sunlight is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight's best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com. ”
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
β€œ12:29p ET 10/4/2021 - Benzinga
UPDATE: Credit Suisse On Sunlight Outperform Initiation: Firm Believes Co. 'Well Positioned In A Rising Rate Environment' As Capital Providers Less Sensitive To Interest Rates

Latest Ratings for SUNL DateFirmActionFromTo

Oct 2021Credit SuisseInitiates Coverage OnOutperform Oct 2021Piper SandlerInitiates Coverage OnOverweight Jul 2021Cowen & Co.Initiates Coverage OnOutperform

View More Analyst Ratings for SUNL View the Latest Analyst Ratings

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.β€œ
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
Now is the time imo, inflation increasing, great numbers, will go to $40 eventually like rocket did, then we will see if it can maintain its margins, with heating costs going up this stock will alleviate those costs going into winter, perfect storm to roar all imo

πŸ‘οΈ0
swampboots swampboots 3 years ago
SUNL 4.93 LOD just got $9 target Credit Suisss.
πŸ‘οΈ0
swampboots swampboots 3 years ago
SUNL 5.22 start.
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
β€œ5:33p ET 7/9/2021 - Dow Jones
Press Release: Sunlight Financial Completes Business Combination, Will Begin Trading on NYSE as 'SUNL'
Mentioned: SUNL
Sunlight Financial Completes Business Combination, Will Begin Trading on NYSE as 'SUNL'
NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--July 09, 2021--

Sunlight Financial ("Sunlight"), a premier, technology-enabled point-of-sale financing company, today announced the closing of its previously-announced business combination (the "Business Combination") with Spartan Acquisition Corp. II ("Spartan") (NYSE:SPRQ), 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"). The Business Combination was approved yesterday by Spartan's stockholders.

The combined company is named Sunlight Financial Holdings Inc. and on July 12, 2021, its common stock will begin trading on the New York Stock Exchange ("NYSE") under the ticker symbol "SUNL", while its warrants will trade on the NYSE under the ticker symbol "SUNLW". Sunlight Financial LLC will be the new public holding company's sole operating subsidiary and Sunlight's existing management team will continue to lead the business.

"This is a momentous day for Sunlight and we are excited to accelerate the transition to a clean energy future as a publicly-traded company," said Matt Potere, Chief Executive Officer of Sunlight. "As demand for residential solar and battery storage solutions continues to grow, Sunlight is well-positioned to extend its lead as the point-of-sale technology platform of choice and provide frictionless financing for solar and home improvement customers, contractors and capital providers. We look forward to further scaling our business and executing on our strategic goals to deliver sustainable and profitable growth and create long-term value for our stockholders."

The Business Combination was funded by a combination of Spartan's cash-in-trust and $250 million of proceeds from the previously-announced private placement of Spartan's shares, which was fully committed by a pool of institutional and other accredited investors.

"As a company at the nexus of fintech, solar and ESG, Sunlight has an incredible opportunity to empower more homeowners to embrace clean energy technologies," said Geoffrey Strong, CEO of Spartan and Senior Partner, Co-head of Infrastructure and Natural Resources at Apollo. "We are excited to work with Matt and the entire Sunlight team as they continue in their mission to provide affordable, responsible financing to accelerate America's transition to clean energy."

Citi acted as exclusive financial advisor to Sunlight. Credit Suisse, Citi and Cowen acted as PIPE placement agents to Spartan. Hunton Andrews Kurth LLP acted as the legal advisor to Sunlight, Vinson & Elkins L.L.P. acted as the legal advisor to Spartan, Latham & Watkins LLP acted as the legal advisor to the placement agents, and Gibson Dunn & Crutcher LLP advised a transaction committee of the Board of Directors of Spartan. β€œ

2021-07-09 21:33:00 GMT *DJ Sunlight Fincl Completes Business Combination, Will Begin Trading on NYSE as 'SUNL'

2021-07-09 21:35:00 GMT *DJ Spartan Acquisition I: Combined Co, Sunlight Fincl Holdings, to Begin Trading on NYSE on July 12 >SPRQ

Dow Jones Newswires

July 09, 2021 17:35 ET (21:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
Merger completed and trading is on for SUNL
πŸ‘οΈ0
StockLogistics StockLogistics 3 years ago
Today SPRQ is SUNL

Symbol change
πŸ‘οΈ0
TallTrader TallTrader 3 years ago
Website...

https://sunlightfinancial.com/
πŸ‘οΈ0
TallTrader TallTrader 3 years ago
Investor presentation...

https://sunlightfinancial.com/sunlight-financial-investor-presentation.pdf
πŸ‘οΈ0
TallTrader TallTrader 3 years ago
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 (β€œSunlight”), a premier U.S. residential solar financing platform, and Spartan Acquisition Corp. II (NYSE: SPRQ) (β€œSpartan”), 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, β€œApollo”), 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
πŸ‘οΈ0