MN8 Energy Holdings LLC
MN8 Energy Holdings LLC filed Amendment No. 2 to its Form S-4 registration statement for the proposed acquisition of Greenbacker Renewable Energy Company LLC. The deal values Greenbacker at a base purchase price of $375,000,000, with Greenbacker shareholders receiving cash, unlisted MN8 Common Units, or a combination. The merger agreement, dated July 21, 2026, requires approval by a majority of Greenbacker's outstanding voting power at the November 23, 2026 shareholder meeting.
- Base purchase price of $375,000,000 for Greenbacker Renewable Energy Company LLC.
- Greenbacker shareholders can elect cash, MN8 Common Units, or a 50/50 mix, subject to a $125M maximum cash cap.
- MN8 Common Units are not listed on any exchange and there are no plans to list them.
- Goldman Sachs Asset Management, UC Regents, and majority preferred holders have already consented to the merger.
- Greenbacker shareholder vote scheduled for November 23, 2026; majority of outstanding voting power required for approval.
Price data unavailable.
A $375M renewable-energy consolidation with complex consideration mechanics: cash capped at $125M and equity paid in unlisted units with no path to public liquidity.
This merger consolidates two renewable energy platforms — MN8 (solar/storage) and Greenbacker (renewable infrastructure) — continuing the sector trend of roll-ups and take-private transactions in the unlisted clean-energy space.
MN8 Common Units are unlisted with no plans for future listing, creating illiquidity risk for Greenbacker shareholders who receive equity consideration. Cash elections are subject to a $125M cap and proration, meaning shareholders may not receive their elected consideration mix.
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