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Solidifying Our Position as the Residential Solar Partner of Choice

We’re taking an exciting step, ensuring we can better deliver an excellent customer experience for you – today, tomorrow, and into the future

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What You Need To Know about Our Announcement

We have been taking action to strengthen our business and better serve our valued customers over the long term. As an important step forward, on September 3, 2024, we announced that we are conducting a process to complete a sale of the company. To that end, we entered into a sale agreement with our key financial partner to acquire our business and voluntarily initiated a court process to finalize the sale. The sale agreement will be subject to higher and better bids and court approval.

With a stronger financial foundation following our sale process, we will be better positioned to operate at the forefront of the solar industry and serve as your trusted partner.

For more information, please view our official announcement here.

Our Commitment to You

As our valued customers and partners, we want you to hear directly from us that:

  • Our customers and partners continue to be our top priority. We remain laser-focused on supporting our customers at the highest levels as they make power personal.

  • We are operating business-as-usual and will continue to deliver industry-leading solutions and an excellent experience to our customers across the country.

  • We expect to complete this process quickly, moving into the future under new ownership in less than two months.

  • Lumio continues to be the residential solar partner of choice, with faster installation, better pricing, and best-in-class product offerings.

Frequently Asked Questions

What did Lumio announce?

  • Lumio announced that we are conducting a court-supervised process to complete a sale of our company. To that end, the company has entered into an agreement to sell our business to White Oak. The sale to White Oak will be subject to higher and better offers and court approval. Lumio expects to move forward with a significantly stronger financial position to support our long-term growth trajectory. To facilitate the proposed sale, Lumio voluntarily initiated a court process and filed for Chapter 11 relief.

Why did Lumio take this step?

  • Over the past year, Lumio has taken decisive action to position our business for the long-term and navigate broader solar industry trends. Lumio’s financial restructuring and sale process is a continuation of this work and marks the final pillar of our broader reorganization efforts to position the business for the future.

What is Chapter 11?

  • Chapter 11 is a court-supervised process in the U.S. where companies can continue to operate in the ordinary course of business, while reorganizing their financial position. Many well-known companies have used the Chapter 11 process to restructure their financial position and have emerged stronger.

What does this announcement mean for Lumio’s future?

  • Today’s announcement marks an important and exciting step forward for Lumio. This does not mean we are going out of business or ceasing operations – in fact, we expect to have strengthened financial footing following the sale process. Lumio is here to stay, and following a sale, will be even better positioned to be the residential solar partner of choice over the long-term and for sustained sales growth.

    Unlike many solar companies that have filed for Chapter 11, entering this process with White Oak’s strong support positions Lumio to work towards successfully advancing through its sale process in less than 60 days.

What does this mean for Lumio’s customers?

  • We want to assure you that it is business as usual at Lumio, and we remain laser-focused on supporting you through your switch to solar and delivering an excellent customer experience. Lumio will continue all ongoing installations and projects throughout this process, with no expected disruption for our valued customers.

How long will this process take?

  • We expect to move through the sale process quickly, with the goal of completing a transaction in less than two months.

Why should I still purchase a Lumio system?

  • With faster installation, better pricing, and best-in-class product offerings, Lumio continues to be the residential solar partner of choice. We do not expect any impact to our ability to serve you, nor do we anticipate any changes to our pricing or product offerings as a result of this announcement.

Where can I find more information?

  • For more information on our Chapter 11 cases, please visit https://cases.stretto.com/Lumio. Stakeholders with questions may call the Company’s Claims Agent, Stretto toll-free, at (855) 328-2638 or (714) 203-6409 if calling from outside the U.S. or Canada, or email LumioInquiries@stretto.com.