Pineapple Energy secures $800K net bridge loans from Conduit and MBB; regains Nasdaq equity compliance

SUNation Energy, Inc.

Conduit and MBB each provided $500K principal ($400K net after 20% OID) bridge loans, 20% interest, due July 21, 2025, secured by all assets.
Loans require mandatory prepayment if equity offerings exceed $3.15M (initial) or $4.4M (all) before maturity.
MBB loan is from affiliate Scott Maskin, company's interim CEO and director; Decathlon amendment approves loans and designates Maskin as Key Person.
Nasdaq panel confirms company met $2.5M minimum equity requirement (Rule 5550(b)(1)); one-year Panel Monitor imposed.
Conduit and MBB subordinated their security interests to Decathlon (first priority) and Hercules (second priority) per joinder agreement.

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