FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today published its Q1'24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events. Q1'24 and Q2'24 forecast summary (based on non-GAAP results unless noted): Q1'24 revenue was $10.0 million, half of Q4'23, despite our $17.8 million b ...

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR), a leading solar technology, services, and installation company, today announced the Company will release its financial and operational results, for the fourth quarter of 2023 and first quarter of 2024, after market close on Thursday, May 2. Issuance of the earnings press release will be followed by a webcast conference call at 5:00 PM ET, hosted by T.J. Rodgers and the Complete Sol ...

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that T.J. Rodgers will become the company's Chief Executive Officer (CEO). Rodgers said, "First, I would like to thank Chris Lundell, our current CEO, who came in at the board's request to stabilize the company during a stressful period of rapid headcount reduction. Chris will remain on the Company's board. Moving forward, I believe in the Company's mission and I wil ...

FREMONT, Calif., April 29, 2024 (GLOBE NEWSWIRE) --  Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today announced that T.J. Rodgers will become the company's Chief Executive Officer (CEO). Rodgers said, "First, I would like to thank Chris Lundell, our current CEO, who came in at the board's request to stabilize the company during a stressful period of rapid headcount reduction. Chris will remain on the Company's board. Moving forward, I believe in the Company's mission and I wi ...

FREMONT, Calif., April 21, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today released an updated version of its internal memo detailing the short attack on Complete Solaria last Monday, April 15, with new information on last Friday's 16.6 million share buying spree by retail investors. A link to the memo issued today can be found here. Complete Solaria Chairman T.J. Rodgers said, "As an indication of my belief in the company last week, I converted $5 m ...

FREMONT, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today released an internal document which describes what appears to be a short attack on its stock on the trading day after it launched and announced its first major employee stock option program. The attack is described in detail in the memo to employees, which can be viewed via the link here. Complete Solaria chairman, T.J. Rodgers said, "The reason I released this internal docume ...

FREMONT, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (NASDAQ:CSLR) today reported on its current financial status, which includes progress on its cash burn rate, and the status of its debt with private equity firms Kline-Hill Partners and Carlyle, which together hold about $70 million in debt owed on about $35 million of principal, split roughly equally between the two (see our 10K for exact numbers). First, we report on our progress in turning Com ...

Damage to our brand and reputation or change or loss of use of our brand could harm our business and results of operations. Our success depends on the continuing contributions of key personnel. If we or our dealers or suppliers fail to hire and retain suf icient employees and service providers in key functions, our growth and ability to timely complete customer projects and successfully manage customer accounts would be constrained. Our quarterly and annual operating results and its ability to grow are diff ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware N/A (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q OR Commission file number 001-40117 45700 Northport Loop East Fremont, CA 94538 (Address of Principal Executive Offices) (Registrant's telephone nu ...

Financial Performance - The company generated gross proceeds of $345.0 million from its Initial Public Offering of 34,500,000 units at $10.00 per unit, incurring offering costs of approximately $19.18 million[55]. - The fair value of the securities transferred from Level 2 to Level 1 measurement during the year ended December 31, 2022 was $348,810,523[50]. - The company has 14,891,667 warrants issued in connection with its Initial Public Offering and Private Placement, recognized as derivative warrant liabilities[57]. - The share price at March 31, 2023 was $10.32, compared to $10.10 at December 31, 2022, reflecting a 2.2% increase[51]. - The risk-free rate increased to 4.88% at March 31, 2023, up from 4.54% at December 31, 2022[51]. Business Strategy - The company aims to ensure that the Available Acquiror Cash equals or exceeds $100,000,000 prior to the closing of the Business Combination[46]. - The company has committed to using reasonable best efforts to complete the Business Combination as approved by the Board[45]. Regulatory Compliance - The company is classified as a non-accelerated filer and an emerging growth company, allowing it to rely on reduced reporting requirements under the JOBS Act[60]. - There were no transfers in or out of Level 3 from other levels in the fair value hierarchy during the three months ended March 31, 2023[50]. - The company did not identify any subsequent events that would require adjustment or disclosure in the unaudited condensed consolidated financial statements[53].