iSun, Inc. has successfully completed a Chapter 11 asset sale to Clean Royalties, LLC, enabling the company to restore financial stability and pursue growth in the solar energy sector.

Information on the Target

iSun, Inc. (OTCPK: ISUN), headquartered in Williston, Vermont, is a reputable provider of solar design and installation services, alongside electrical contracting and project management. Established in 1972, iSun has dedicated itself to accelerating the shift toward renewable energy solutions, particularly in the solar sector. The company serves a diverse range of clients, including Fortune 500 corporations, and offers a comprehensive suite of solar services that encompass residential, commercial, industrial, municipal, and utility-scale projects. Furthermore, iSun is innovating in solar electric vehicle charging solutions, which cater to both grid-tied and battery-supported systems.

In June 2024, iSun filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware as part of its restructuring strategy. Following its filing, iSun engaged England & Company as its exclusive financial advisor and investment banker to navigate the complexities of the Chapter 11 process, including soliciting asset offers and securing debtor-in-possession (DIP) financing.

Industry Overview in the Target’s Specific Country

The solar industry in the United States has experienced remarkable growth, driven by a transition towards cleaner energy sources and favorable government policies promoting solar adoption. As of 2023, solar energy has become a significant