SCHEDULE: Venture Holding S.a.r.l. SPF Increases Passive Stake in Canadian Solar to Over 10%

Venture Holding S.a.r.l. SPF has increased its beneficial ownership in Canadian Solar Inc. to 10.73%, holding 7,183,000 common shares as of June 30, 2025.

Summary

• Venture Holding S.a.r.l. SPF, a Luxembourg-based entity, reported beneficial ownership of 7,183,000 common shares of Canadian Solar Inc. as of June 30, 2025.
• This ownership represents 10.73% of Canadian Solar Inc.'s common stock.
• The percentage is calculated based on 66,954,634 total shares outstanding, as reported by Canadian Solar in its annual report on Form 20-F filed on April 30, 2025.
• Venture Holding S.a.r.l. SPF holds sole voting power and sole dispositive power over all 7,183,000 shares.
• This filing is an Amendment No. 4 to Schedule 13G, indicating an update to a previously disclosed passive ownership stake.
• The amendment is due to trading activity that occurred in the second quarter of 2025.
• Venture Holding S.a.r.l. SPF certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Canadian Solar Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a passive ownership stake, which is neutral in sentiment. While a large stake can be seen positively, the filing itself does not convey explicit positive or negative operational or financial news.

Positives

• Venture Holding S.a.r.l. SPF's significant stake of 10.73% in Canadian Solar Inc. could be viewed as a vote of confidence in the company's long-term prospects by a substantial investor.
• The passive nature of the investment, as indicated by the Schedule 13G filing, suggests that the investor is not seeking to influence control, which may imply stability in the company's governance structure.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Canadian Solar Inc.'s future performance or strategic direction, as it is solely an ownership disclosure filing.

Management Comments

• Venture Holding S.a.r.l. SPF certifies that, to the best of its knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Canadian Solar Inc., and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing reflects an institutional investor's continued or increased passive stake in a major player within the solar energy industry. Such disclosures are routine and provide transparency into significant ownership positions, which can be a factor in market perception of a company's stability and investor confidence within the broader renewable energy sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by Venture Holding S.a.r.l. SPF provides transparency regarding the company's ownership structure and may influence investor sentiment regarding the stability and perceived value of Canadian Solar Inc.'s stock.

Key Dates

Keywords

Canadian Solar Inc., Venture Holding S.a.r.l. SPF, Common Stock, Beneficial Ownership, SEC Filing, Schedule 13G, Passive Investment, Shareholding, Solar Energy, Renewable Energy