secwatch.observer — SEC 8-K summary
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Issuer:     SUNation Energy, Inc. (SUNE)
CIK:        0000022701
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0000897101-24-000476
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pineapple Energy secures $380K third advance under convertible note; conversion at $0.45/share
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- Third advance of $380K from Conduit Capital; note principal capped at $1M, with 20% original issue discount.
- Conversion price set at $0.45 per share; lender granted one-time demand registration right.
- All advances accrue interest at 20% per annum; maturity July 21, 2025.
- Company filed certificate of correction to Series C Preferred Stock designation on Sept 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22701/000089710124000476/0000897101-24-000476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22701/000089710124000476/pegy240998_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-24-000476

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer