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Canadian Solar Inc. Announces US$200 Million Private Placement of Secured Convertible Notes with PAG

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GUELPH, ON, Aug. 19, 2024 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (Nasdaq: CSIQ) today announced that it has entered into a definitive agreement with PAG, a leading investment firm in Asia Pacific, pursuant to which PAG will subscribe for US$200 million in aggregate principal amount of convertible notes (the “Notes”) to be issued by the Company. The transaction is expected to close in the fourth quarter of 2024, subject to closing conditions. The Company will retain certain flexibility on draw downs, using the net proceeds to optimize its capital structure, repay certain other indebtedness and invest in solar development projects.

The Notes will bear an interest rate of 6% per annum, payable quarterly in arrears, and will mature on December 31, 2029. Holders of the Notes also have the right to require the Company to repurchase the Notes shortly after December 31, 2027. Subject to the terms of the Notes, the Notes may be convertible into the Company’s common shares at the holder’s option at an initial conversion price of US$18.20, which represents a premium of approximately 23.4% above the Company’s last reported stock price of US$14.75 per common share on the Nasdaq Global Select Market on August 16, 2024. The conversion rate will be subject to market customary adjustments. The Notes will be secured against certain pledges provided by the subsidiaries of the Company.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, said, “We are thrilled to partner with PAG, a seasoned investor in the solar industry. The Notes offer us a flexible financing solution that aligns with both our capital requirements and business objectives. This transaction paves the way for long-term strategic collaboration with PAG in solar and in clean energy.”

Dr. Weijian Shan, Executive Chairman of PAG, commented, “With two decades of experience in the solar industry, Canadian Solar has established a solid foundation as a globally leading solar player. Today, it is well-positioned for growth, propelled by its scaled module business, rapidly expanding energy storage segment, and renewable energy development platform. We are pleased to partner with Canadian Solar in the global clean energy transition.”

The issuance of the securities under such transaction is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) in an offshore transaction in reliance upon Regulation S under the Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About Canadian Solar
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. Over the past 23 years, Canadian Solar has successfully delivered over 125 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world. Currently, the Company has over 1.2 GWp of solar power projects in operation, 6.5 GWp of projects under construction or in backlog (late-stage), and an additional 19.8 GWp of projects in advanced and early-stage pipeline. In addition, the Company has 600 MWh of battery energy storage projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog, and an additional 51.6 GWh at advanced and early-stage development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/ Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in Canadian Solar’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although Canadian Solar believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

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TESSAN Premieres ‘Jump Into The Unknown’ Documentary, Chronicling Jamie Leibert’s 30-Day Expedition in the Swiss Alps

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The film follows professional adventure athlete Jamie Leibert and his wife Sandra as they navigate changing conditions and unexpected challenges to rethink what makes an adventure truly worthwhile.

NEW YORK, Nov. 1, 2026 /PRNewswire/ — Before leaping from a cliff, Jamie Leibert pauses for a few seconds.

He checks his gear. He secures the pilot chute. He zips up his wingsuit and regulates his breathing. No one else can make the final call. After a brief silence, he looks toward the horizon.

“Three, two, one.”

He takes a step forward.

Today, TESSAN officially premieres its new documentary, Jump Into The Unknown. The film follows professional adventure athlete and filmmaker Jamie Leibert and his wife, director of photography and editor Sandra Zinovyev, as they venture into the Swiss Alps for a 30-day expedition.

Known as Captain Manicorn, Jamie Leibert is a professional adventure athlete and filmmaker. His signature “climb and fly” discipline combines big-wall climbing with wingsuit and mini-wing flights. His expeditions have taken him to more than 80 countries. He is also the founder of the Battling Monsters movement, which uses adventure, film, and nonprofit work to explore the connections between fear, resilience, and mental health. Discover more about Jamie and his projects at jamieleibert.com and justcaremore.org.

For Jamie, flying is more than a few seconds in the air. Much of the experience happens beforehand: assessing the weather, planning routes, checking gear, and training until both mind and body are ready for the moment at the edge.

That perspective became the starting point for Jump Into The Unknown.

For this project, TESSAN and Jamie co-created a documentary that looks beyond the final jump. The camera stays with the process that shapes how a journey actually unfolds.

When Plans Change

This time, Jamie, Sandra, and their three-legged rescue dog Journey set out to spend 30 days exploring the Swiss Alps. They entered the mountains without a scripted ending, carrying one question with them.

What kind of experience makes an adventure truly worthwhile?

They soon found that the answer would not follow their itinerary. Weather windows closed quickly, routes had to change, and gear and transportation brought new variables.

A seemingly clear schedule was rewritten by reality again and again. What began as a search for an ideal destination gradually became an exploration of everything that happens along the way.

The meaning of adventure shifted from simply reaching a goal to experiencing the process. When routes changed, they reassessed. When weather prevented a flight, they waited. When things went wrong, they adapted.

In the film, Jamie asks, “What is the perfect journey?” His answer is simple: “It’s not the destination. It’s the journey.”

The journey, as Jamie sees it, needs room to unfold. It needs different layers and chapters. The moments outside the original plan ultimately became an essential part of their 30 days in the Alps.

Courage Happens Before the Jump

The film spends considerable time on the preparation behind each flight. Jamie treks through deep snow, scouts routes between massive rock faces, and works with Sandra to respond to changing conditions.

Even with years of flying experience, fear remains real when Jamie stands at the edge.

The documentary does not present fear as something that can simply be overcome. Instead, it shows how Jamie works with it.

Before a jump, he checks his physical and mental state and returns to a place of focus. The goal is not to make fear disappear, but to make a clear decision while it is still there.

As he states in the film: “Courage is taking the first step into the unknown.”

The unknown can be an unclimbed mountain, an unfamiliar route, or an unpredictable flight. But it can also appear in everyday life: a new decision, a new relationship, or a fresh start.

Sometimes, it is simply the choice to move forward when there is no clear answer.

A Cross-Disciplinary Brand Connection

Jump Into The Unknown is the first documentary co-created by TESSAN and Jamie Leibert, and a cornerstone of TESSAN’s Courage Charge brand campaign.

On the surface, TESSAN and extreme sports may seem to belong to different worlds. But during the 30-day expedition, they found a shared perspective.

A journey leaves us with more than a final destination. It also shapes how we respond to change along the way.

For TESSAN, charging means helping people stay powered as they move, travel, and explore. Jamie’s journey reflects a different kind of “charge”: the ability to pause, adapt, and keep moving when conditions change and plans no longer hold.

This is the idea TESSAN hopes to share through Jump Into The Unknown. Journeys rarely unfold exactly as planned, and the moments worth remembering are often the ones no one could have scripted.

To watch the full documentary and discover more about TESSAN, visit here.

“We didn’t want to create a commercial story around Jamie. We wanted to give the camera room to capture what actually happened,” said Alex, CEO of TESSAN. “Courage is not about being free of fear. It is about making the next choice even when fear is still there. At TESSAN, we power devices, and we hope to support people as they step into the unknown and discover what comes next.”

Beyond the Unknown Lies the Next Journey

From valleys to snow peaks, from climbing to flying, the 30-day expedition eventually comes to an end. But for Jamie and Sandra, it is only one chapter of a much longer journey.

The road ahead will bring new destinations, new environments, and new uncertainties. Having co-created this film together, TESSAN looks forward to continuing the journey with Jamie and Sandra, and to seeing where their next chapter takes them.

The choices they make beyond extreme sports are part of that story, too. What do we do when plans change, when answers are unclear, and when the next step is ours to decide?

Perhaps this is the question Jump Into The Unknown ultimately leaves with its audience.

The unknown will always be there. We can only decide whether the next step is worth taking.

For journalists and media partners wishing to discuss personal experiences, the Battling Monsters movement, mental health advocacy, or behind-the-scenes details with Jamie Leibert and the creative team, please contact: jamie@justcaremore.org.

For more information and high-res images, please visit the TESSAN Press Kit.

About TESSAN
TESSAN is a premier global brand specializing in elite charging solutions designed exclusively for home and travel. Guided by the mission of “Connecting People to Their Journeys,” TESSAN creates thoughtfully designed products—from universal travel adapters to smart home devices—that make travel lighter, safer, and more meaningful. TESSAN firmly lives by the mantra: “The Journey Begins at Home.” Driven by an unwavering commitment to efficiency and absolute safety, TESSAN empowers users to explore the world with peace of mind. Most recently, the TESSAN Voyager 205 was proudly selected as a winner in the prestigious Tom’s Guide Computing and Gaming Awards 2026.

Media Contact:
Derien Lin
PR Manager, TESSAN
Email: derien@tessan.com

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Aiper Previews Black Friday Savings of Up to $550: Find Your Perfect Pool-Care Match This Holiday Season

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Celebrate the holiday gifting season with smarter, simpler pool care. Aiper helps shoppers find the right solution for loved ones or their own pools, with Black Friday savings of up to $550 beginning November 17 and early surprises starting November 1.

ATLANTA, Nov. 1, 2026 /PRNewswire/ — Aiper, the world’s No.1 smart robotic pool cleaner brand [1] and leader in smart yard innovation, today previewed its Black Friday sale, offering savings of up to $550 on select products at Aiper.com from November 17 through November 30. Featured deals include Scuba V3 for $849.99, Experts Duo for $1,179.99 and Scuba S1 for $499.99, bringing smarter, simpler pool care within reach across different needs and budgets.

The holiday shopping season brings different priorities for different pool owners. Some are looking to simplify ongoing maintenance, while others are planning their next pool-care upgrade or choosing a practical gift for a loved one with a pool. Whether the priority is more intelligent underwater cleaning, tackling debris above and below the surface, or finding dependable everyday performance at an accessible price, Aiper’s featured lineup gives shoppers a clear place to start.

Aiper Scuba V3: AI-Powered Robotic Pool Cleaner for Smarter, More Efficient Cleaning

For homeowners looking to spend less time planning and managing pool cleaning, Scuba V3 brings AI-powered intelligence to the routine.

Its Cognitive AI Navium™ Mode creates cleaning plans based on pool size, weather and cleaning history, helping reduce the guesswork of regular maintenance. AI Patrol Cleaning detects and targets debris, enabling up to 10X faster cleaning, while VisionPath™ adaptive path planning guides the cleaner through the pool. Scuba V3 cleans the floor, walls and waterline, with waterline retrieval and real-time app alerts, making it easier to collect after a cleaning session.

Black Friday offer: $849.99, down from $1,099.99 — save $250.

Aiper Experts Duo: Complete Robotic Pool Cleaning Solution for Surface and Underwater Cleaning

For homeowners dealing with both floating leaves and debris below the surface, Experts Duo combines Scuba V3 and the EcoSurfer S2 robotic pool skimmer in one complementary solution.

While Scuba V3 handles the floor, walls and waterline, EcoSurfer S2 collects floating debris across the surface. Its solar-powered operation and SolarSeeker™ technology support ongoing surface cleaning, helping remove leaves and other debris before they settle below. Together, the two robots deliver 360° cleaning coverage from top to bottom, combining surface skimming with floor, wall and waterline cleaning for more carefree pool maintenance.

Black Friday offer: $1,179.99, down from $1,499.98 — save $319.99.

Aiper Scuba S1: Reliable Robotic Pool Cleaning for Everyday Pool Care

For homeowners taking their first step into robotic pool care or upgrading their existing routine with budget in mind, Scuba S1 combines practical cleaning capabilities with a Black Friday price under $500.

Designed to clean pool floors, walls and waterlines, Scuba S1 uses WavePath™ 2.0 navigation to guide its cleaning routes. MicroMesh™ ultra-fine filtration helps capture fine debris, making it a straightforward choice for homeowners who want help with regular pool maintenance and more time back in their day.

Black Friday offer: $499.99, down from $699.99 — save $200.

Unwrap Pre-Black Friday Surprises

Aiper is kicking off the holiday shopping season with Pre-Black Friday surprises starting November 1, including presale perks and member-exclusive deals rolling out ahead of the main event. The celebration continues November 17–30 with Black Friday savings of up to $550 on select products at Aiper.com.

Whether choosing a thoughtful holiday gift or upgrading their own pool-care routine, shoppers can take advantage of Black Friday savings to plan ahead. For homeowners keeping their pools open, that means help with ongoing maintenance; for others, it means having the right equipment ready for the next swimming season. Either way, it is a step toward less maintenance and more time to enjoy.

Discover the holiday offers and find your next pool-care upgrade at Aiper.com.

About Aiper

Aiper is the No.1 smart robotic pool cleaner brand and a leader in reliable, intelligent solutions for the smart yard ecosystem. From crystal-clear pools to balanced water and smarter irrigation, Aiper’s ecosystem simplifies care across your entire yard. Trusted by more than 4 million users worldwide, Aiper is available in over 10,000 stores across 50+ countries and regions. Renowned for excellence, Aiper products have earned prestigious honors including the Red Dot Design Award, the iF Design Award, and editorial awards from USA Today and TWICE, and have been recognized as a CES Innovation Awards Honoree from 2023 through 2026. Driven by smart automation, adaptive AI, and sustainable design, Aiper delivers a truly carefree experience, giving you more time to enjoy life’s best moments.

[1] Euromonitor International Co., Ltd., in terms of 2025 manufacturer sales volume (units) in the world. Smart robotic pool cleaner is defined as: intelligent service robots integrating mechanical, electronic, software algorithm and sensor technologies. They autonomously or with minimal human intervention perform pool cleaning and maintenance tasks, typically featuring smart navigation, path planning, and multiple cleaning modes. Research completed in 2026/3.

 

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Expert Electrical Contractor Thomas Reilly Explains Knob-and-Tube Wiring Risks in HelloNation

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AMHERST, N.H., Nov. 1, 2026 /PRNewswire/ — The article examines aging electrical systems, modern power demands, and why inspection matters for homeowners and buyers.

KEY HIGHLIGHTS

Knob-and-tube wiring lacks grounding and may have deteriorated insulation or unsafe modifications.Insulation surrounding active wires can trap heat, interfering with the system’s original design.A licensed electrician can identify active wiring, assess its condition, and help plan replacement.

Is knob-and-tube wiring safe in an older home? HelloNation has published a HelloNation article that provides the answer through insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explaining how aging wiring can affect safety, insurance, and renovation plans.

How Does This Older Wiring System Work?

The HelloNation article explains that knob-and-tube wiring was commonly installed from about the 1880s through the 1940s. Ceramic knobs supported separate wires, while ceramic tubes protected them where they passed through wood framing.

The system used rubber and cloth insulation and relied on surrounding air to release heat. Although appropriate for its era, the design predates today’s electrical demands and grounding needs.

The article notes that these systems lack a ground wire. Aging insulation can also crack or fall away, leaving exposed conductors that create shock or fire risks.

Why Can Modern Household Changes Create Problems?

The article describes how high electrical demand can overload older circuits. Air conditioners, microwaves, and other appliances may place demands on wiring beyond its original purpose.

Adding insulation around active wires can trap heat. The article also identifies improper splices and oversized replacement fuses as concerns that may compromise safety.

Visible ceramic components can help identify the system in unfinished spaces. However, the article cautions that two-prong outlets alone do not confirm its presence, and an electrician must determine which wiring remains active.

What Should Homeowners Consider Before Renovating?

The HelloNation article explains that active knob-and-tube wiring may complicate insurance coverage or a home sale. Requirements vary, with some insurers seeking an inspection or replacement.

The article describes replacement as installing modern grounded cable throughout affected areas. Accessibility, layout, and wall materials influence the work, and some homeowners complete rewiring in stages.

Until replacement, the article advises avoiding overloaded circuits, keeping visible wiring clear of insulation and storage, and leaving repairs to qualified professionals.

What Is Knob-and-Tube Wiring and Is It Safe Today? features insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Does Older Wiring Always Present an Immediate Danger?

According to Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, undisturbed wiring in good condition may continue working when not overloaded. Its condition still warrants professional evaluation.

Can Insulation Cover Active Wires?

Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explains in the article that surrounding insulation can prevent heat from escaping. The system was designed to operate with open air around its wires.

Does Rewiring Require Opening Every Wall?

Based on insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, electricians can often fish new cables through walls. The extent of access needed depends on the home’s construction and layout.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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