{"schema_version":"secwatch.filing_event.v1","accession":"0000897101-24-000043","form_type":"8-K","ticker":"SUNE","cik":"0000022701","company_name":"SUNation Energy, Inc.","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.501459+00:00","generated_at":"2026-06-06T09:26:05.852404+00:00","sec_items":["1.01","3.03","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pineapple Energy prices $1.0M offering at $0.37; existing convertible/warrant shares could exceed 400M after adjustment","bullets":["Gross proceeds $1.0M (2.7M shares at $0.37); net ~$900k for working capital.","Anti-dilution adjusts Preferred to lower of $0.37 or 5-day VWAP (floor $0.14); could yield up to 200M shares.","Series A Warrants adjusted; could be exercisable for up to 228.6M shares at $0.14 floor.","Series A Warrants term extended to March 28, 2029.","Closing expected Feb 7, 2024; Roth Capital Partners acting as sole placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0000897101-24-000043","json":"https://secwatch.observer/filing/0000897101-24-000043.json","markdown":"https://secwatch.observer/filing/0000897101-24-000043.md","text":"https://secwatch.observer/filing/0000897101-24-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000043/0000897101-24-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000043/pegy240127_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:26:05.852404+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"71a212efc76ac4879c64b720880545fefdb1013f","claim":"SUNation Energy, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at $1.0 million (effective 2024-02-05).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000043/0000897101-24-000043-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$1.0 million"},{"label":"Effective","value":"2024-02-05"}],"fact_type":"material_agreement"},{"claim_id":"af3abd976d30016fb7d07363920afc5a3e1864ee","claim":"SUNation Energy, Inc. amended Limited Waiver and Amendment with the Purchasers (effective 2024-02-05).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/22701/000089710124000043/0000897101-24-000043-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"the Purchasers"},{"label":"Effective","value":"2024-02-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}