secwatch.observer — SEC 8-K summary
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Issuer:     SUNation Energy, Inc. (SUNE)
CIK:        0000022701
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0000897101-22-000606
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pineapple Energy sells HQ for $6.5M cash; CFO Mark Fandrich to resign
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- Sold Minnetonka headquarters to Buhl Investors for $6.5M cash; net proceeds to CVR holders by July 30, 2022.
- Simultaneously entered 5-year lease for ~8,500 sq ft of the building, with 5-year renewal option.
- CFO Mark Fandrich resigns effective Q2 10-Q filing date (anticipated Aug 12, 2022); will assist with Q2 filings and legacy asset sale.
- Board to initiate search for new CFO; Fandrich to remain in role until effective date.
- CEO notes sale completes post-merger transition and benefits Pineapple with attractive lease terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22701/000089710122000606/0000897101-22-000606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22701/000089710122000606/pegy220770_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-000606

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