SHLS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-04

• On February 20, 2026, the U.S. Supreme Court (the “Supreme Court”) invalidated the Administration’s tariff measures, ruling that the IEEPA did not authorize their imposition. Following the ruling, the Administration terminated the IEEPA tariffs, and U.S. Customs and Border Protection (“CBP”) ceased …

• halted IEEPA-based tariffs, the longer‑term implications for U.S. trade policy remain uncertain as the Administration promptly announced a temporary, across the board tariff under Section 122 of the Trade Act of 1974, initiated additional investigations, and has now proposed new tariffs on more than…

• On March 4, 2026, the Court of International Trade issued an order requiring CBP to process certain tariff‑refund claims in accordance with the Supreme Court’s ruling. CBP has been developing and implementing a phased refund process through its system, but litigation, appeals, and administrative imp…

• Reductions or uncertainty surrounding these incentives may diminish the financial attractiveness of solar projects, which could decrease demand for our products. Additionally, ongoing uncertainty around the

• duration, eligibility criteria, and future legislative changes affecting these incentives may cause delays in project financing and execution, which could impact our sales volume and growth trajectory.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• On February 20, 2026, the U.S. Supreme Court invalidated the Administration’s tariff measures, ruling that the International Emergency Economic Powers Act did not authorize their imposition. While the ruling halted those specific tariff programs, the longer‑term implications for U.S. trade policy re…

• On March 4, 2026, the Court of International Trade issued an order requiring Customs and Border Protection (“CBP”) to process certain tariff‑refund claims in accordance with the Supreme Court’s ruling.

• Because litigation remains ongoing and CBP’s refund process is still under development, significant uncertainty remains regarding the timing, scope, and ultimate recoverability of any potential refunds

• Reductions or uncertainty surrounding these incentives may diminish the financial attractiveness of solar projects, which could decrease demand for our products. Additionally, ongoing uncertainty around the duration, eligibility criteria, and future legislative changes affecting these incentives may…

• The domestic utility‑scale solar market has previously experienced volatility driven by a combination of permitting delays, supply‑chain constraints, labor shortages, project‑financing challenges, interconnection bottlenecks, and uncertainty stemming from federal trade and tax policy changes. We bel…

Text added vs the prior filing · source: 10-Q · 2026-08-04

• required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls …

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2026. Based upon the evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of June …

• There were no changes to our internal control over financial reporting that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2026. Based upon the evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of Marc…

• There were no changes to our internal control over financial reporting that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-08-04

• •Jeffery Tolnar, President, adopted a plan on June 15, 2026 (with the first trade under the plan scheduled for no sooner than September 1, 2026). The trading plan will be effective until May 1, 2027 (unless earlier terminated in accordance with the plan) to sell an aggregate of 100,000 shares of the…

• •James Hart, Chief People Officer, adopted a plan on June 16, 2026 (with the first trade under the plan scheduled for no sooner than June 16, 2026). The trading plan will be effective until November 6, 2026 (unless earlier terminated in accordance with the plan) to sell an aggregate of 10,000 shares…

• Other than as set forth above, none of the Company’s directors or officers adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408(c) of Regulation S-K of the Exchange Act) during the Company’s fiscal quarter ended J…

• Any actual sale transactions made pursuant to the trading arrangement referenced above will be disclosed publicly in Section 16 filings with the Securities and Exchange Commission in accordance with applicable securities laws, rules, and regulations.