Broadwind Announces Agreement to Sell $15M of IRA Advanced Manufacturing Tax Credits
Author: Benzinga Newsdesk | December 27, 2023 08:01am
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.
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