In a move to bolster its financial position and regain investor confidence, FTC Solar, Inc.(Nasdaq: FTCI), a leading provider of solar tracker systems, successfully closed a private placement offering on December 4, 2024.The company raised an aggregate principal amount of $15 million through senior secured promissory notes and accompanying warrants.This development comes at a critical time for FTC Solar, as it navigates through various financial challenges and seeks to re-establish its presence in the market.