Equity CONTRIBUTION & purchase agreement by and among Pioneer power solutions, inc., PIONEER CUSTOM ELECTRICAL PRODUCTS, LLC voltaris power LLC and PIONEER INVESTMENT LLC Dated as of October 29, 2024Equity Contribution & Purchase Agreement • November 4th, 2024 • Pioneer Power Solutions, Inc. • Power, distribution & specialty transformers • Delaware
This EQUITY CONTRIBUTION & PURCHASE AGREEMENT (this “Agreement”), dated as of October 29, 2024 (the “Closing Date”), is entered into by and among Pioneer Power Solutions, Inc., a Delaware corporation (“Seller”), Pioneer Custom Electrical Products, LLC, a Delaware limited liability company (the “Acquired Company”), Voltaris Power LLC, a Delaware limited liability company (“Buyer”) and Pioneer Investment LLC, a Delaware limited liability company (“Investment”). The Acquired Company, Seller, Buyer and Investment are collectively referred to herein as the “Parties” and individually as a “Party.”
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION (in thousands, except share and per share amounts)Equity Contribution and Purchase Agreement • November 4th, 2024 • Pioneer Power Solutions, Inc. • Power, distribution & specialty transformers
On October 29, 2024, Pioneer Power Solutions, Inc. (the “Company” or “Pioneer Power”) entered into an Equity Contribution and Purchase Agreement (the “Equity Purchase Agreement”), by and among the Company, Pioneer Custom Electrical Products, LLC, a wholly owned subsidiary of the Company (“Pioneer Custom”), Voltaris Power LLC (the “Buyer”) and Pioneer Investment LLC (“Investment”). Pursuant to the terms of the Equity Purchase Agreement, the Company agreed to:
