Solar Firm Emeren Group Completes Going-Private Merger with Shurya Vitra

Emeren Group (NYSE:SOL), the global solar project developer, today, December 15, 2025, announced the successful completion of its going-private merger under the amended agreement with Shurya Vitra Ltd.

Following the transaction, Emeren is now a wholly owned subsidiary of Shurya Vitra.

The merger officially concludes Emeren’s run as a publicly traded company on the New York Stock Exchange.

Under the terms of the merger, each outstanding ordinary share of Emeren was canceled in exchange for $0.20 per share in cash.

Correspondingly, each American Depositary Share (ADS), which represents ten ordinary shares, was canceled for $2 per ADS in cash, net of applicable withholding taxes.

ADS holders will receive their payment through The Bank of New York Mellon, the company's depositary bank, as soon as practicable.

A cancellation fee of $0.05 per ADS will be deducted from the merger consideration, as specified in the deposit agreement.

Following the close of the transaction, Emeren has requested the immediate suspension of trading of its American Depositary Shares and the subsequent delisting from the New York Stock Exchange, effective today, December 15, 2025.

The company also intends to file a Form 15 with the U.S. Securities and Exchange Commission (SEC) within ten days to terminate its reporting obligations under the Exchange Act, formally completing its transition to a privately held entity.