UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On March 17, 2022, SolarEdge Technologies, Inc. (the “Company”) offered and sold 2,300,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $ 295.00 per share. The shares of Common Stock were issued and sold pursuant to the Underwriting Agreement dated March 17, 2022 among the Company and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (the “Underwriting Agreement”). All of the offered shares were issued at closing, including 300,000 shares of Common Stock that were issued and sold pursuant to the underwriters’ option to purchase additional shares under the Underwriting Agreement, which was exercised in full on March 18, 2022.
The shares of Common Stock were issued and sold pursuant to the Company’s Registration Statement on Form S-3 (Registration No. 333-262892) (as amended, the “Registration Statement”), which became effective upon filing with the Securities and Exchange Commission on February 22, 2022, the related Prospectus dated February 22, 2022 and the Prospectus Supplement, dated March 17, 2022. A copy of the Underwriting Agreement is attached hereto as Exhibit 1.1 and the opinion of Gibson, Dunn & Crutcher LLP related to the Common Stock is attached hereto as Exhbit 5.1, and each is expressly incorporated by reference herein and into the Registration Statement. The foregoing description of the terms of the Underwriting Agreement is qualified in its entirety by reference to the actual terms of the applicable exhibits attached hereto.
A copy of the press release announcing the closing of the Common Stock offering is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description |
| 1.1 | Underwriting Agreement dated March 17, 2022 between SolarEdge Technologies, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. |
| 5.1 | Opinion of Gibson, Dunn & Crutcher LLP. |
| 99.1 | Press Release |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOLAREDGE TECHNOLOGIES, INC. | ||
| Date: March 22, 2022 | By: | /s/ Ronen Faier |
|
Name: |
Ronen Faier | |
| Title: | Chief Financial Officer | |