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First Solar | 8-K: First Solar entered into two separate Tax Credit Transfer Agreements with Visa Inc.

First Solar | 8-K: First Solar entered into two separate Tax Credit Transfer Agreements with Visa Inc.

第一太陽能 | 8-K:第一太陽能與Visa公司簽訂兩份單獨的稅收抵免轉讓協議
美股SEC公告 ·  2024/12/12 12:27

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First Solar has entered into two Tax Credit Transfer Agreements with Visa Inc. on December 6, 2024, for the sale of manufacturing production tax credits generated from U.S. module component production. The agreements comprise a Fixed Transfer Agreement worth $645 million and a Variable Transfer Agreement for up to $225 million in additional tax credits.Under the Fixed Transfer Agreement, Visa will pay $615.97 million in two installments: $400 million paid on December 6, 2024, and $215.97 million due on December 30, 2024. The Variable Transfer Agreement, with a purchase price of $0.955 per $1.00 of transferred tax credits, has a payment deadline of February 28, 2025.Both agreements are subject to customary conditions, including the absence of default and accuracy of company representations. The tax credits are generated through the production and sale of module components to third parties during 2024, under Section 45X of the Internal Revenue Code.
First Solar has entered into two Tax Credit Transfer Agreements with Visa Inc. on December 6, 2024, for the sale of manufacturing production tax credits generated from U.S. module component production. The agreements comprise a Fixed Transfer Agreement worth $645 million and a Variable Transfer Agreement for up to $225 million in additional tax credits.Under the Fixed Transfer Agreement, Visa will pay $615.97 million in two installments: $400 million paid on December 6, 2024, and $215.97 million due on December 30, 2024. The Variable Transfer Agreement, with a purchase price of $0.955 per $1.00 of transferred tax credits, has a payment deadline of February 28, 2025.Both agreements are subject to customary conditions, including the absence of default and accuracy of company representations. The tax credits are generated through the production and sale of module components to third parties during 2024, under Section 45X of the Internal Revenue Code.
第一太陽能於2024年12月6日與Visa Inc.簽署了兩項稅收信貸轉讓協議,以銷售來自美國元件生產的製造業生產稅收信貸。這些協議包括一項價值$64500萬的固定轉讓協議和一項最高可達$22500萬的額外稅收信貸的變量轉讓協議。根據固定轉讓協議,Visa將分兩期支付$61597萬:2024年12月6日支付$40000萬,2024年12月30日到期支付$21597萬。變量轉讓協議的購買價格爲每$1.00轉讓的稅收信貸支付$0.955,付款截止日期爲2025年2月28日。這兩項協議均需遵循慣例條件,包括沒有違約和公司陳述的準確性。稅收信貸是通過在2024年根據《國內收入法》第45X條向第三方生產和銷售元件而產生的。
第一太陽能於2024年12月6日與Visa Inc.簽署了兩項稅收信貸轉讓協議,以銷售來自美國元件生產的製造業生產稅收信貸。這些協議包括一項價值$64500萬的固定轉讓協議和一項最高可達$22500萬的額外稅收信貸的變量轉讓協議。根據固定轉讓協議,Visa將分兩期支付$61597萬:2024年12月6日支付$40000萬,2024年12月30日到期支付$21597萬。變量轉讓協議的購買價格爲每$1.00轉讓的稅收信貸支付$0.955,付款截止日期爲2025年2月28日。這兩項協議均需遵循慣例條件,包括沒有違約和公司陳述的準確性。稅收信貸是通過在2024年根據《國內收入法》第45X條向第三方生產和銷售元件而產生的。
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