Broadwind Announces Agreement to Sell Approximately $15 Million of IRA Advanced Manufacturing Tax Credits

December 27, 2023

https://www.globenewswire.com/news-release/2023/12/27/2801311/13041/en/Broadwind-Announces-Agreement-to-Sell-Approximately-15-Million-of-IRA-Advanced-Manufacturing-Tax-Credits.html

CICERO, Ill., Dec. 27, 2023 (GLOBE NEWSWIRE) — Broadwind (Nasdaq:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it has entered into a definitive Tax Credit Transfer Agreement (the “Agreement) with MarketAxess Holdings Inc. (the “Purchaser”) to sell earned Advanced Manufacturing Production Credits (“Tax Credits”), as outlined within the Inflation Reduction Act (IRA). Under the terms of the Agreement, Broadwind expects to sell approximately $15 million of tax credits, less discounts, transaction fees and related expenses.

Read more at globenewswire.com

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