Emeren Group Ltd Enters into Definitive Merger Agreement for Going Private Transaction

Core Viewpoint - Emeren Group Ltd has entered into a definitive Merger Agreement with Shurya Vitra Ltd, where the Parent will acquire Emeren for US$0.20 per ordinary share or US$2.00 per American Depositary Share [1][2]. Merger Details - The merger will result in Emeren becoming a wholly-owned subsidiary of Shurya Vitra Ltd, with the effective time of the merger leading to the cancellation of ordinary shares and ADSs in exchange for cash [2][5]. - The merger is expected to close in the third quarter of 2025, subject to customary closing conditions including shareholder approval [5]. Financial Commitments - Himanshu H. Shah has committed to invest in the Parent to fund the merger consideration and related expenses, excluding termination fees [3]. Board Approval - The Board of Directors, upon the recommendation of a Special Committee, has approved the Merger Agreement and will recommend that shareholders authorize the merger [4]. Advisory Roles - Kroll, LLC is serving as the financial advisor to the Special Committee, while Morrison & Foerster LLP and Harney Westwood & Riegels (UK) LLP are providing legal counsel [6]. Regulatory Filings - Emeren will file a current report on Form 8-K with the SEC regarding the merger, which will include the Merger Agreement [7]. - A definitive proxy statement and Schedule 13E-3 will also be prepared and filed with the SEC [8].