SUNation Energy Board initiates strategic alternatives review; potential sale or merger possible

SUNation Energy, Inc.

Board authorized review of strategic alternatives including potential sale, business combinations, acquisitions, and divestitures.
No timetable has been set; process is at a preliminary stage with no assurance of any transaction.
Maxim Group LLC engaged as M&A and financial advisor; Rimon PC as legal counsel; Alliance Advisors also advising.
Company intends to provide no further updates unless a specific course of action is approved.

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