---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-22-000345"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2022-03-29T23:59:59+00:00"
generated_at: "2026-06-26T15:17:16.164283+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Pineapple Holdings completes reverse merger with Pineapple Energy, raises $32M PIPE, appoints new CEO

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-22-000345
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2022-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.03, 2.01, 2.03, 3.02, 3.03, 5.02, 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/csi220413_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-22-000345
- JSON: https://secwatch.observer/filing/0000897101-22-000345.json
- Plain text: https://secwatch.observer/filing/0000897101-22-000345.txt

## Key facts
- Executive change
  Marilyn Adler was elected as Director at SUNation Energy, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- Executive change
  Steven C. Webster resigned as Director at SUNation Energy, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- Executive change
  Richard A. Primuth resigned as Director at SUNation Energy, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- Executive change
  Scott Honour was elected as Director at SUNation Energy, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- Executive change
  Thomas J. Holland was elected as Director at SUNation Energy, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm
- Executive change
  Kyle Udseth was elected as Director at SUNation Energy, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710122000345/0000897101-22-000345-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.