Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SUNation Energy, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at $1.0 million (effective 2024-02-05).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain institutional investors
- Value
- $1.0 million
- Effective
- 2024-02-05
Exact text from the filing
On February 5, 2024, Pineapple Energy Inc. (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Purchasers”) for the sale by the Company of 2,702,703 shares (the “Shares”) of the Company’s common stock, par value $0.05 per share (the “Common Stock”), in a registered direct offering (the “Offering”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SUNation Energy, Inc. amended Limited Waiver and Amendment with the Purchasers (effective 2024-02-05).
- Action
- amendment
- Counterparty
- the Purchasers
- Effective
- 2024-02-05
Exact text from the filing
In connection with the Offering, the Company also entered into a Limited Waiver and Amendment (the “Waiver”) dated February 5, 2024 with the Purchasers with respect to up to 50% of the shares of Series A Convertible Preferred Stock (the “Preferred Stock”) issued pursuant to the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock of the Company, previously filed with the State of Minnesota on March 25, 2022 (the “Certificate of Designation”).
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