# Greenbacker Renewable Energy Co LLC — management_change/board [completed]
Source: SEC API (secapi.ai) · situation sit_ebce9a622dac84c4ac2f · retrieved 2026-08-11T15:52:10.759Z

## Overview
Greenbacker Renewable Energy Company LLC is a renewable energy company that develops and operates solar energy projects.

Greenbacker Renewable Energy Company LLC agreed to merge with MN8 Energy Holdings LLC and its subsidiary MN8 Energy LLC, with Greenbacker surviving as a wholly owned subsidiary of MN8 Energy. The transaction has a base purchase price of $375,000,000, subject to adjustment for transaction expenses, a $5,000,000 expense reserve, and a $25,000,000 additional consideration holdback tied to achievement of "In Service" status milestones on a specified solar project. Shareholders may elect to receive consideration in cash, MN8 Common Units, or a 50/50 mix thereof, subject to proration if cash elections exceed a $125,000,000 maximum. The merger is expected to close by February 15, 2027, with a potential extension to May 15, 2027 for regulatory approvals.

## Terms
- Counterparty: MN8 Energy Holdings LLC and MN8 Energy LLC · Deal value: $375.0M · Consideration: mixed

## Key dates
- Expected close 2027-02-15 · Completed 2026-07-22

## Timeline
- 2026-07-22 · 8-K (0001753926-26-001215): 8-K - Greenbacker Renewable Energy Co LLC — *Greenbacker Renewable Energy Company LLC is a renewable energy company that develops and operates solar energy projects.* Greenbacker Renewable Energy Company LLC agreed to merge with MN8 Energy Holdings LLC and its subsidiary MN8 Energy LLC, with Greenbacker surviving as a wholly owned subsidiary of MN8 Energy. The transaction has a base purchase price of $375,000,000, subject to adjustment for transaction expenses, a $5,000,000 expense reserve, and a $25,000,000 additional consideration holdback tied to achievement of "In Service" status milestones on a specified solar project. Shareholders may elect to receive consideration in cash, MN8 Common Units, or a 50/50 mix thereof, subject to proration if cash elections exceed a $125,000,000 maximum. The merger is expected to close by February 15, 2027, with a potential extension to May 15, 2027 for regulatory approvals.
  https://www.sec.gov/Archives/edgar/data/1563922/0001753926-26-001215.txt

## Citations
- 0001753926-26-001215 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175392626001215