---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000134"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:10:37.598352+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pineapple Energy shareholders reject reverse stock split and authorized share increase

## Summary
- Proposal 1 (reverse split 1:25 to 1:200) failed: 27.6M For, 6.4M Against, 51k Abstain.
- Proposal 2 (increase authorized shares from 112.5M to 2B) failed: 21.1M For, 5.9M Against, 7.1M broker non-votes.
- Proposal 3 (adjournment) approved: 25.8M For, 8.2M Against, 123.8k Abstain.
- Special Meeting held April 12, 2024; 59.76% of outstanding shares voted.

## SEC filing metadata
- accession: 0000897101-24-000134
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710124000134/0000897101-24-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710124000134/pegy240413_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000134
- JSON: https://secwatch.observer/filing/0000897101-24-000134.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000134.txt

## Key facts
- Shareholder Votes
  SUNation Energy, Inc. shareholders rejected Reverse Stock Split Proposal to effect a reverse stock split at a ratio within a range of 1-for-25 to 1-for-200 at the 2024-04-12 meeting.
  - Proposal: reverse split
  - Outcome: failed
  - Meeting: 2024-04-12
  source text: The Company's shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to effect a reverse stock split of the issued and outstanding shares of the Company’s Common Stock at a ratio within a range of 1-for-25 to 1-for-200 by voting as follows: For Against Abstain 27,625,617 6,441,977 51,279
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710124000134/0000897101-24-000134-index.htm
- Shareholder Votes
  SUNation Energy, Inc. shareholders approved Adjournment Proposal to permit the Company to adjourn or postpone the Special Meeting for the purpose of soliciting additional proxies at the 2024-04-12 meeting.
  - Outcome: passed
  - Meeting: 2024-04-12
  source text: The Company’s shareholders approved the proposal to permit the Company to adjourn or postpone the Special Meeting for the purpose of soliciting additional proxies if there are insufficient votes to approve any of the proposals at the time of the Special Meeting by voting as follows: For Against Abstain 25,763,773 8,231,308 123,792
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710124000134/0000897101-24-000134-index.htm
- Shareholder Votes
  SUNation Energy, Inc. shareholders rejected Authorized Share Amendment Proposal to increase the number of authorized shares of Common Stock from 112,500,000 to 2,000,000 at the 2024-04-12 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2024-04-12
  source text: The Company’s shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 112,500,000 to 2,000,000 by voting as follows: For Against Abstain Broker Non-Votes 21,070,030 5,934,760 35,700 7,078,383
  evidence_url: https://www.sec.gov/Archives/edgar/data/22701/000089710124000134/0000897101-24-000134-index.htm

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