---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000335"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T16:03:55.837181+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-24-000335
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710124000335/0000897101-24-000335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710124000335/pegy240770_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000335
- JSON: https://secwatch.observer/filing/0000897101-24-000335.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000335.txt

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