---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000537"
form_type: "8-K"
ticker: "SUNE"
cik: "0000022701"
company_name: "SUNation Energy, Inc."
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:28:13.394257+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000897101-24-000537
- form_type: 8-K
- ticker: SUNE
- cik: 0000022701
- company_name: SUNation Energy, Inc.
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22701/000089710124000537/0000897101-24-000537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22701/000089710124000537/pegy241094_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000537
- JSON: https://secwatch.observer/filing/0000897101-24-000537.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000537.txt

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