UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 2, 2019
SOLAREDGE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
|
Delaware
|
001-36894
|
20-5338862
|
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
|
1 HaMada Street, Herziliya Pituach, Israel
|
4673335
|
|
(Address of Principal executive offices)
|
(Zip Code)
|
Registrant’s Telephone number, including area code: 972 (9) 957-6620
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
Item 8.01
|
Other Events
|
On December 29, SolarEdge Technologies, Inc. (the “Company”) completed a tender offer for the shares of Kokam Co., Ltd. (“Kokam”) not held by the Company. Minority shareholders tendered 1,702,298 shares for 6,444 Korean won per share, which represents the same price paid by the Company for the shares in the original investment transaction that closed in October 2018, for an aggregate investment by the Company of approximately $9.9 million. In addition, the Company made an equity investment in Kokam of $7,100,000 to provide Kokam with working capital. Following both of these investments, SolarEdge holds 91.6% of Kokam.
The investment is in line with SolarEdge’s plans to invest in Kokam and purchase the remaining outstanding shares of Kokam, eventually resulting in Kokam becoming a wholly-owned subsidiary of SolarEdge.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
SOLAREDGE TECHNOLOGIES, INC.
|
|||
|
Date: January 2, 2019
|
By:
|
/s/ Rachel Prishkolnik
|
|
|
Name:
|
Rachel Prishkolnik
|
||
|
Title:
|
General Counsel and Corporate Secretary
|
||