SUNation Energy shares rose 25.74% to $2.98 in Wednesday premarket trading after pending merger partner Suniva completed an $835 million financing round. The capital, raised through senior secured and second-lien credit facilities plus direct equity investments, includes backing from Lion Point Capital, Goldman Sachs Alternatives, I Squared Capital, JBA Asset Management, Electron Capital Partners, Orion Infrastructure Capital and Rubric Capital Management. The proceeds will support a roughly $600 million solar cell manufacturing facility in Laurens County, South Carolina, designed to produce 4.5 gigawatts of advanced monocrystalline silicon cells annually. Construction is targeted for completion by late 2027, with full production expected throughout 2028. The 621,468-square-foot building shell is complete, and the project is projected to create 564 high-skilled manufacturing jobs. Combined with Suniva's existing 1-gigawatt plant in Norcross, Georgia, the facility would bring its U.S. production capacity to 5.5 gigawatts. Suniva said it has long-term purchase commitments covering most planned production and an established domestic supply chain that it describes as distinctive among U.S. solar cell manufacturers. The financing comes as Suniva advances a reverse merger with SUNation announced June 8; the combined company is expected to operate under the Suniva name while retaining SUNation's Nasdaq Capital Market listing and SUNE ticker.