Sunnova Energy International Inc. has announced its entry into a stalking horse asset purchase agreement with Omnidian Inc. for its residential solar servicing and operations & maintenance platform, known as ServiceCo. The agreement involves Omnidian purchasing the platform for $7 million in cash and assuming certain liabilities. This move is part of Sunnova's broader strategy to maximize shareholder value through potential sale transactions during its chapter 11 restructuring process. Sunnova continues to solicit bids for both its ServiceCo and AssetCo assets, with a bid deadline set for July 21, 2025. The stalking horse bid from Omnidian does not replace a prior bid from an ad hoc group of unsecured corporate noteholders, and the arrangements will be reviewed by the United States Bankruptcy Court for the Southern District of Texas on July 11, 2025.