---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-23-000462"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:27:30.925913+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pineapple Energy (PEGY) receives Nasdaq delisting notice for bid price below $1.00

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-23-000462
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710123000462/0000897101-23-000462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710123000462/pegy231137_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-23-000462
- JSON: https://secwatch.observer/filing/0000897101-23-000462.json
- Plain text: https://secwatch.observer/filing/0000897101-23-000462.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710123000462/0000897101-23-000462-index.htm

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