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Sunlight Financial

Fintech/solarUSA
💀 Dead / Bankrupt
Peak $1.3 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    Jul 2021
  2. 📈
    Peak valuation
    $1.3 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt 2023

How it happened

Sunlight Financial was a U.S. fintech platform connecting residential solar installers with financing lenders. It went public via SPAC merger in July 2021 at roughly a $1.3B valuation. Rising interest rates squeezed its loan business and its shares collapsed, and the company filed for Chapter 11 bankruptcy in 2023, wiping out nearly all equity value.

Source: De-SPAC