SUNation issues Series D Preferred as Conduit loan collateral; settles warrant penalty claims with 407k shares

SUNation Energy, Inc.

Issued one share Series D Preferred to Conduit as collateral for $1M loan (net $800k after 20% OID); escrowed until repayment.
Settled Series A warrant late-delivery penalty claims by issuing 407,656 common shares at market price and reserving ~500k shares.
Under ATM facility, sold 206,085 additional shares for $509,076 since Nov 14, 2024; total ATM sales ~600k shares for $2.82M.
Landlord lawsuit seeks ~$34k; company disputes obligation. Residential customer claim for defective equipment by manufacturer not yet sued.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.4

SUNation Energy, Inc.: The filing incorporates by reference information from Item 7.01 regarding Series D Preferred Stock issuance, but no substantive change to articles or bylaws is described.

Change: bylaw amendment

Exact text from the filing

The information set forth below, in relevant part, in Item 7.01 (relating to the issuance of Series D Preferred Stock) is hereby incorporated by reference into this Item 5.03.

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SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-017658

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