07/14/26 · 4 min read
Shoals Technologies settlement: $70M for SHLS investors — about $0.34 per damaged share
By ClaimBridge Team
If you bought Shoals Technologies (SHLS) common stock between May 16, 2022 and May 7, 2024, a $70 million settlement — one of the larger securities funds open right now — will pay a pro-rata share of your recognized loss, estimated in the notice at roughly $0.34 per damaged share before deductions. Claims are due August 25, 2026.
What this settlement is about
In re Shoals Technologies Group Securities Litigation (M.D. Tenn., No. 3:24-cv-00334) alleged that Shoals misled investors about defective wire harnesses with exposed copper conduit in its solar components and the $60–185 million it would take to fix them. Shoals denies wrongdoing.
Who qualifies and how much
Purchasers of SHLS common stock during the class period — and shares bought in the December 2022 secondary offering earn a 1.25× multiplier. Two catches from the plan of allocation: shares sold on or before August 1, 2023 recover nothing, and payments under $10 aren't distributed.
How to file
The claim needs brokerage confirmations or statements covering your holdings and every SHLS trade from May 2022 through February 2025, plus the last four digits of a tax ID. Filing is online at the administrator's VeritaConnect portal or by mail, and the form allows a legal representative to submit for the beneficial owner — ClaimBridge readies the trade documentation so your registration takes minutes. The official settlement site is shoalssecuritiessettlement.com. The deadline is August 25, 2026.
Frequently asked questions
How much does the Shoals settlement pay?
The notice estimates about $0.34 per damaged share before fees and costs (roughly $0.23 after). Actual amounts are pro rata by recognized loss under the plan of allocation.
I sold my SHLS shares in early 2023 — do I recover?
Shares sold on or before August 1, 2023 have no recognized loss under the plan of allocation. Later sales and held shares are compensable.
What's special about the December 2022 offering?
Shares purchased in Shoals' December 2022 secondary public offering receive a 1.25× multiplier on their recognized loss.