8-K
filed March 29, 2022, 7:59 PM ET
ticker SUNE
CIK 0000022701
M&A
confidence high
sentiment positive
materiality 0.90
Pineapple Holdings completes reverse merger with Pineapple Energy, raises $32M PIPE, appoints new CEO
SUNation Energy, Inc.
- Merger closes: Pineapple Energy becomes wholly owned subsidiary; 5,006,245 shares issued to former Pineapple unit holders (67.3% of combined company).
- Pre-merger Communications Systems shareholders retain 32.7%; total shares outstanding post-merger 7,435,586.
- PIPE Offering raises $32.0M gross; proceeds used for pre-closing acquisitions, debt repayment, fees, and working capital.
- Kyle Udseth appointed CEO; board expands to seven with four new directors including Scott Honour, Marilyn Adler, Thomas Holland.
- Name change to Pineapple Holdings, Inc.; ticker changes from JCS to PEGY; 1-for-4 reverse stock split effective March 18, 2022.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marilyn Adler was elected as Director at SUNation Energy, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Kyle Udseth, Scott Honour, Marilyn Adler and Thomas J. Holland were elected as directors to serve with continuing directors Roger H.D. Lacey, Randall D. Sampson and Michael R. Zapata.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven C. Webster resigned as Director at SUNation Energy, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In accordance with the merger agreement, and effective upon the closing of the merger, Richard A. Primuth and Steven C. Webster resigned from the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Primuth resigned as Director at SUNation Energy, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In accordance with the merger agreement, and effective upon the closing of the merger, Richard A. Primuth and Steven C. Webster resigned from the Company’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Honour was elected as Director at SUNation Energy, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Kyle Udseth, Scott Honour, Marilyn Adler and Thomas J. Holland were elected as directors to serve with continuing directors Roger H.D. Lacey, Randall D. Sampson and Michael R. Zapata.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas J. Holland was elected as Director at SUNation Energy, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Kyle Udseth, Scott Honour, Marilyn Adler and Thomas J. Holland were elected as directors to serve with continuing directors Roger H.D. Lacey, Randall D. Sampson and Michael R. Zapata.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kyle Udseth was elected as Director at SUNation Energy, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Kyle Udseth, Scott Honour, Marilyn Adler and Thomas J. Holland were elected as directors to serve with continuing directors Roger H.D. Lacey, Randall D. Sampson and Michael R. Zapata.
View on SEC.gov
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