Deal Description: 1366 Technologies, Inc. (1366) and Hunt Perovskite Technologies, L.L.C (HPT), two of the solar industry's most innovative companies, today announced that they have merged their businesses. The merger combines two disruptive technologies – 1366's Direct Wafer® process and HPT's printed perovskite solar photovoltaic (PV) technology – to bring to market powerful tandem modules to lead the rapidly growing solar industry. The newly combined company, called CubicPV, will also receive an additional $25 million in funding from Hunt Energy Enterprises, L.L.C. (HEE), First Solar, Inc. (NASDAQ: FSLR), Breakthrough Energy Ventures (BEV) and others. HEE will join the Board of Directors of CubicPV.
Baker Botts acted as legal counsel to HEE.
The company’s press release can be accessed here.
Baker Botts Lawyers/Offices Involved:
Corporate: Jon Platt (Partner, Dallas); Michael Portillo (Senior Associate, Austin); Jacqueline Scioli (Associate, Dallas); and Rusty Shellhorn (Associate, Dallas)
Intellectual Property: Bradley Bowling (Special Counsel, Houston); and Michael Silliman (Senior Associate, Houston)
Tax: Stephen Marcus (Partner, Dallas); and Jordan Hahn (Senior Associate, Dallas)
Employee Benefits & Executive Compensation: Jason Loden (Partner, Dallas)
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