iSun, solar energy and clean mobility infrastructure company, and SolarCommunities (SunCommon) announced that they have entered into a definitive agreement under which a subsidiary of iSun will acquire SunCommon, in a combination of cash and shares of Common Stock for a total consideration of $40 million. Both iSun and SunCommon’s Boards of Directors approved the Definitive Agreement, which includes a cash payment of $24.03 million and $15.96 million in stock ($2.5 million of the consideration will be granted directly to SunCommon employees), $1.5 million working capital infusion and additional earnout provisions, subject to customary purchase price adjustments and customary seller representations and warranties and indemnification obligations.