Sunworks terminates merger agreement with Peck

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Peck Company Holdings, Inc., a commercial solar engineering, procurement and construction (EPC) company was informed today by Sunworks, Inc., a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, that the Merger Agreement previously announced on August 10, 2020 was terminated by Sunworks due to its inability to obtain stockholder approval.

Peck had been informed that approximately 65% of the shares voted had voted in favor of the merger but Sunworks and its proxy solicitor did not believe adjourning the Special Meeting and continued solicitation of proxies would enable it to obtain the requisite stockholder vote due to Sunwork’s widely dispersed stockholder base. Accordingly, Sunworks terminated the merger but indicated its desire to continue to have strategic discussions to determine other ways for the two companies to work together.

Peck had received sufficient proxies to approve the merger but, due to Sunwork’s termination, Peck canceled its scheduled Special Meeting of Stockholders.

List of the country updates

Country updates

  • December 03, 2020

    Vineyard Wind selects preferred turbine supplier for 800 MW offshore wind farm in USA

    Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) has selected GE Renewable Energy as its preferred supplier of wind turbine generators for its 80...

    Read more
  • December 02, 2020

    USTDA launches tender for Expand Africa Initiatives

    The U.S. Trade and Development Agency issued a call for initial proposals to expand its grant-based support for feasibility studies, technical assistance, and pilot projects that advance the U.S....

    Read more
  • December 02, 2020

    Cypress Creek closes financing for 1.6 GW solar portfolio in 13 US states

    Cypress Creek Renewables has closed a seven-year, US$200 million debt financing for the holding company that owns Cypress Creek’s 1.6 gigawatt (GW) portfolio of operating solar energy projects....

    Read more
  • December 01, 2020

    Apex Clean Energy secured development approval for the 75 MW Rocky Forge wind project in Virginia

    Apex Clean Energy has secured the development approval from the Virginia Department of Environmental Quality for the development of the 75 MW wind project in Botetourt County.  Virginia reg...

    Read more
  • December 01, 2020

    US Solar Fund starts commissions the 128 MWdc Milford Solar Project in Utah

    US Solar Fund Plc has finally commissioned the last project that is part of its solar portfolio, the 128 MWdc Milford solar photovoltaic facility located in Utah.  USF records up to US$4 million...

    Read more

Share this update