3 unchanged sentences
Holders of Record
−Removed: As of February 24, 2025, there were approximate ly six s tockholders of record of our common stock, which does not include shares held in street name.
+Added: As of February 23, 2026, there were approximate ly five sto ckholders of record of our common stock, which does not include shares held in street name.
Dividend Policy
−Removed: We have never declared or paid any distributions or dividends on our common stock, except the special distribution paid to ATI Investment Parent, LLC (“Former Parent”) upon the closing of our initial public offering (“IPO”).
+Added: We have never declared or paid any distributions or dividends on our common stock, except the special distribution paid to ATI Investment Parent, LLC (“Former Parent”) upon the closing of our initial public offering (the “IPO”).
We currently intend to retain any future earnings and do not expect to pay any cash distributions or dividends on our common stock in the foreseeable future.
Any future determination to declare cash distributions or dividends will be made at the discretion of our board of directors, subject to applicable laws and provisions of our debt agreements and organizational documents, after taking into account our financial condition, results of operations, capital requirements, general business conditions and other factors that our board of directors may deem relevant.
−Removed: We also have a series of preferred stock, the Series A Shares, that accrues dividends in kind until the fifth anniversary of the initial closing of the Series A Shares issuance, August 11, 2026.
+Added: We also have a series of preferred stock, the Series A Shares, that accrues dividends in kind until the fifth anniversary of the initial closing of the Series A Shares issuance on August 11, 2026.
Following August 11, 2026, dividends are payable only in cash.
1 unchanged sentence
Securities Authorized for Issuance Under Our Equity Compensation Plans
−Removed: Information regarding securities authorized for issuance under our equity compensation plans is incorporated herein by reference to Item 12., “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of Part III of this Annual Report on Form 10-K.
+Added: Information regarding securities authorized for issuance under our equity compensation plans is incorporated herein by reference to Item 12.
+Added: “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of Part III of this Annual Report on Form 10-K.
Stock Performance Graph
−Removed: The following graph compares the cumulative total return on our common stock since the date of our IPO, in October 2020, with (i) the cumulative total returns of the Russel 2000 Index and (ii) a customized peer group of four companies (Enphase Energy, Solaredge Technologies, Shoals Technologies Group and FTC Solar).
+Added: The following graph compares the cumulative total return on our common stock since December 31, 2020, with:
+Added: (i) the cumulative total returns of the Russel 2000 Index;
+Added: and (ii) a customized peer group of four companies (Enphase Energy, Solaredge Technologies, Shoals Technologies Group and FTC Solar).
The graph assumes an investment of $100 (including reinvestment of dividends) is made in Array’s common stock, the Russel 2000 Index and the peer group on October 15, 2020, and tracks the results through December 31, 2025.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.