---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000436"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:58:03.422084+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-24-000436
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710124000436/0000897101-24-000436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710124000436/pegy240945_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000436
- JSON: https://secwatch.observer/filing/0000897101-24-000436.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000436.txt

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