Pineapple Energy implements 1-for-50 reverse stock split and terminates corporate lease

SUNation Energy, Inc.

Reverse stock split of 1-for-50 effective Oct 17, 2024, to regain Nasdaq bid price compliance.
Authorized shares reduced from 133,333,333 to 2,666,667; no fractional shares issued.
Lease termination saves ~$210K/year; one-time buyout fee of $189K; total savings ~$480K over remaining term.
Company waives $35,434 security deposit as part of lease exit.

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