Powell Max signs LOI to acquire Boston Solar in USD 9 million deal

Reuters

03/23

<a href="https://laohu8.com/S/PMAX">Powell Max</a> signs LOI to acquire Boston Solar in USD 9 million deal

Powell Max signed a non-binding letter of intent to acquire Boston Solar, a regional EPC solar installer focused on Massachusetts and New England.
The proposed transaction is valued at USD 9.0 million, including the assumption of up to USD 7.0 million of debt.
The parties expect to execute a definitive agreement by May 16, 2026, subject to due diligence.
After closing, Powell Max expects to provide Boston Solar up to USD 20.0 million in working capital funding, subject to finalizing the definitive agreement and securing capital.
Boston Solar reported 2025 revenue of USD 24.0 million, with 65% from residential and 35% from commercial.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230830PRIMZONEFULLFEED9676154) on March 23, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230830PRIMZONEFULLFEED9676154) on March 23, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SING","symbol_name":"Singlepoint, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260323:nNDL2bJmxy:1","article_id":"2621705553","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621705553","pubTimestamp":1774269116,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Powell Max signed a non-binding letter of intent to acquire Boston Solar, a regional EPC solar installer focused on Massachusetts and New England.The proposed transaction is valued at USD 9.0 million, including the assumption of up to USD 7.0 million of debt.The parties expect to execute a definitive agreement by May 16, 2026, subject to due diligence.After closing, Powell Max expects to provide Boston Solar up to USD 20.0 million in working capital funding, subject to finalizing the definitive agreement and securing capital.Boston Solar reported 2025 revenue of USD 24.0 million, with 65% from residential and 35% from commercial.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SING":"Singlepoint, Inc.","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00BN0W2W23.USD":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (USD) ACC","BK4112":"金融交易所和数据","IE00BN0W2V16.EUR":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (EUR) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4588":"碎股","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","IE00BN0W2T93.GBP":"GUINNESS SUSTAINABLE GLOBAL EQUITY \"C\" (GBP) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","NDAQ":"纳斯达克OMX交易所","BK4096":"电气部件与设备","PMAX":"Powell Max Limited","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4585":"ETF&股票定投概念"},"translate_title":"Powell Max签署意向书以900万美元收购Boston Solar","themeId":"ab6e84fb0542480d9cf75cb6a9fe5601","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SING":0.9,"NDAQ":0.9,"PMAX":0.9},"content_text":"Powell Max signs LOI to acquire Boston Solar in USD 9 million deal\n    \n\n\n          Powell Max signed a non-binding letter of intent to acquire Boston Solar, a regional EPC solar installer focused on Massachusetts and New England.\n        \n\n          The proposed transaction is valued at USD 9.0 million, including the assumption of up to USD 7.0 million of debt.\n        \n\n          The parties expect to execute a definitive agreement by May 16, 2026, subject to due diligence.\n        \n\n          After closing, Powell Max expects to provide Boston Solar up to USD 20.0 million in working capital funding, subject to finalizing the definitive agreement and securing capital.\n        \n\n          Boston Solar reported 2025 revenue of USD 24.0 million, with 65% from residential and 35% from commercial.\n        \n\n\n\n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230830PRIMZONEFULLFEED9676154) on March 23, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}