Pineapple Energy restructures Series A preferred stock and warrants into Series C, adds $120K convertible loan

SUNation Energy, Inc.

Entered Amended Note with Conduit Capital for additional $120,000 advance, convertible at $0.45 per share.
Reset triggered conversion of Series A Preferred Stock into 28,942,573 shares and warrants into 66,741,065 shares at $0.45.
Exchange canceled Series A and warrants for Series C Preferred Stock convertible into 62,313,111 shares of common stock.
Series C Preferred Stock eliminates price resets, with beneficial ownership limitation of 4.99% or 9.99%.
Closing of exchange and amended note expected on September 10, 2024, subject to conditions.

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