v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events
Note 22. Subsequent Events
The Company has evaluated events that have occurred after the balance sheet date but before the financial statements are issued and has determined that there were no subsequent events requiring adjustment or disclosure in the Consolidated Financial Statements.
Note 18. Subsequent Events
The Company has evaluated events that have occurred after the balance sheet date but before the financial statements are issued and has determined that there were no subsequent events requiring adjustment or disclosure in the Consolidated Financial Statements.
On April 13, 2026. Cider Solar Construction Owner LLC paid an aggregate payoff amount of approximately $80.2 million, consisting of $81.0 million of outstanding principal plus accrued interest through the payoff date, net of the return of unaccrued fees, resulting in the full repayment and termination of the loan. The Company used proceeds from the Cider Solar AcquisitionCo LLC tax equity bridge loan facility to finance the repayment of the Cider Solar Construction Owner LLC facility. Upon receipt of the payoff, all commitments under the loan agreement were terminated and all related liens on the related project assets were released. Refer to Note 8. Debt.
On April 16, 2026, the Chapter 7 trustee for EVCE filed an adversary complaint in the United States Bankruptcy Court for the District of Colorado against the Company and certain affiliates seeking recovery of amounts allegedly transferred to the Company prior to EVCE’s bankruptcy filing. The Company is evaluating the complaint and intends to respond; however, based on the information currently available, the Company does not believe the matter will have a significant impact on its financial statements. The Company intends to vigorously defend against the claims. Refer to Note 11. Commitments and Contingencies.
On April 29, 2026, the Company entered into an amendment to the GREC Warehouse Holdings I LLC revolving credit facility that extended the maturity date of the revolving loan facility to June 30, 2027 and reduced total lender commitments to $110.0 million for revolving loans and $15.0 million for letters of credit. As a result of the maturity extension, amounts outstanding under the GREC Warehouse Holdings I LLC revolving credit facility were classified within Long-term debt, net of current portion on the Consolidated Balance Sheets as of March 31, 2026. Refer to Note 8. Debt.
In April 2026, the Company granted approximately 2.2 million restricted share units as well as performance restricted share units covering up to 2.3 million P-I shares to certain employees under the Company’s 2023 Equity Incentive Plan. The Company has not yet determined the grant‑date fair values of these RSUs or PRSUs issued in April 2026. No adjustments were made to the consolidated financial statements.