SUNation terminates CVR agreement after final $276K payment to holders

SUNation Energy, Inc.

Termination effective Dec 16, 2025, following final payment of $276,000.48 to CVR holders.
CVR liability estimated at $288,948 as of Sept 30, 2025; final distribution covers the legacy CSI assets.
CVRs were issued in March 2022 in connection with merger between CSI and Pineapple Energy.
Rights Agent certified receipt of final payment; all obligations under the CVR Agreement ended.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SUNation Energy, Inc. terminated Contingent Value Rights Agreement with Equiniti Trust Company, as Rights Agent (and the CVR Holders’ Representative) valued at $ 276,000.48 (effective 2025-12-16).

Action: termination
Counterparty: Equiniti Trust Company, as Rights Agent (and the CVR Holders’ Representative)
Value: $ 276,000.48
Effective: 2025-12-16

Exact text from the filing

Effective December 16, 2025, the Contingent Value Rights Agreement, as amended by First Amendment to Contingent Value Rights Agreement, dated as of March 27, 2024 and Second Amendment to Contingent Value Rights Agreement, dated as of December 31, 2024 (as amended, the “CVR Agreement”) among Parent (then named Communications Systems, Inc.), Equiniti Trust Company, as Rights Agent (and the CVR Holders’ Representative), and all obligations thereunder was terminated following certification by the Rights Agent of receipt of the Company’s final payment due under the CVR Agreement in the aggregate amount of $ 276,000.48, and the pro-rata distribution thereof to the CVR Holders.

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Source: SEC EDGAR

accession 0001213900-25-122778

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