On Friday, solar financing company Sunlight Financial announced the closing of its previously-announced business combination with Spartan Acquisition Corp. II, a publicly-traded special purpose acquisition company (SPAC) sponsored by funds managed by an affiliate of Apollo Global Management, Inc.
Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements.
The combined company is named Sunlight Financial Holdings Inc. and on July 12, 2021, its common stock will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “SUNL”, while its warrants will trade on the NYSE under the ticker symbol “SUNLW”. Sunlight Financial LLC will be the new public holding company’s sole operating subsidiary and Sunlight’s existing management team will continue to lead the business.
