SUNation Energy, Inc. (SUNE): Nasdaq/NYSE listing notice — Pineapple Energy (PEGY) receives Nasdaq delisting notice for bid price below $1.00

SUNation Energy, Inc.

Notice received Oct 27, 2023; common stock fails minimum bid price of $1.00 for 31 consecutive business days.
Company has 180 calendar days, until April 24, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured, may qualify for additional 180-day period if meeting other listing standards and indicating intent to cure, e.g., via reverse stock split.
Company to seek shareholder approval for reverse stock split at upcoming annual meeting; no assurance of approval or price increase.
No immediate delisting; company monitoring bid price and evaluating options.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SUNation Energy, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 27, 2023, Pineapple Energy Inc. (the "Company") received a notice from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq") informing the Company that because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 per share for the last 31 consecutive business days, the Company does not comply with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2) (the "Rule"). The notification has no immediate effect on the listing of the Company's com

View on SEC.gov

Browse all listing & compliance notices →

SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-23-000462

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.