SUNation receives Nasdaq deficiency notice, implements 1-for-200 reverse stock split

SUNation Energy, Inc.

Nasdaq notified SUNation on April 11, 2025 of non-compliance with $1.00 minimum bid price for 30 consecutive days.
Company ineligible for standard 180-day cure period due to prior reverse splits; intends to request a hearing.
Board approved 1-for-200 reverse stock split effective April 21, 2025 to regain compliance.
Pre-split shares outstanding 672,799,910; post-split ~3,364,000 shares.
Entered $1M secured revolving credit with MBB Energy (affiliate) at 8% interest, one-year term.

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