Shoals Technologies Group, Inc.

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Ademi LLP is investigating possible securities fraud claims against Shoals (Nasdaq: SHLS). The investigation results from inaccurate statements Shoals may have made regarding its accounting, business operations and prospects.

The investigation focuses Shoals’ representations regarding its quality and internal controls with respect to certain wire products and insulation (plastic coating around the wire), which were incorrectly applied, causing the insulation to shrink over time. The warranty costs of these failures could approach approximately $185 million.