Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SUNation Energy, Inc. amended Consent and Amendment No. 2 to Loan and Security Agreement with Hercules Capital, Inc. valued at Amends Hercules Loan Agreement to join Company as borrower, extend maturity to June 2, 2027, set int (effective 2023-05-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Hercules Capital, Inc.
- Value
- Amends Hercules Loan Agreement to join Company as borrower, extend maturity to June 2, 2027, set int
- Effective
- 2023-05-31
Exact text from the filing
On May 31, 2023, the Company and its wholly owned subsidiary, Pineapple Energy LLC (“PE LLC”) entered into that certain Consent and Amendment No. 2 to Loan and Security Agreement (the “Amendment”) to the Loan and Security Agreement, dated December 11, 2020 (as amended, the “Hercules Loan Agreement”) with Hercules Capital, Inc. (“Hercules”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SUNation Energy, Inc. entered into Revenue Loan and Security Agreement with Decathlon Specialty Finance, LLC valued at $7.5 million loan facility, fixed monthly payments totaling $960,000 in 2023, $2,220,000 in 2024, $2 (effective 2023-06-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Decathlon Specialty Finance, LLC
- Value
- $7.5 million loan facility, fixed monthly payments totaling $960,000 in 2023, $2,220,000 in 2024, $2
- Effective
- 2023-06-01
Exact text from the filing
On June 1, 2023 (the “Effective Date”), Pineapple Energy Inc. (the “Company”) entered into a Revenue Loan and Security Agreement (the “Loan Agreement”) by and among the Company, each of the Company’s subsidiary guarantors who from time to time become guarantors thereunder (collectively, the “Guarantors”), and Decathlon Specialty Finance, LLC (“Decathlon”).
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