FTC Solar, a Texas-based developer of solar tracker systems, has recently secured a financing facility of up to $75 million. The initial $37.5 million term loan includes $14.3 million that was funded on July 2, 2025, while the remaining $23.2 million is expected to close in the third quarter, subject to shareholder approval. An additional $37.5 million may be accessed later upon mutual agreement between FTC Solar and the financing parties. FTC Solar stated that proceeds will be used to support operational growth, general corporate activities, and strengthen its balance sheet. The financing was backed by Cleanhill Partners, AV Securities, and other long-term investors. FTC Solar has scheduled a shareholder meeting in early September 2025 to approve the full warrant exercise under the agreement. FTC Solar has confirmed that additional disclosures will be submitted to the U.S. Securities and Exchange Commission through a Form 8-K filing.