SUNation Energy sells 2.39M shares at $1.13 for $2.7M gross proceeds

SUNation Energy, Inc.

Gross proceeds of $2,700,700 from sale of 2,390,000 shares priced at $1.13 per share.
Shares sold under Section 4(a)(2) and Rule 506; no warrants or price adjustment features.
Net proceeds to fund working capital and general corporate purposes.
Beneficial ownership limit of 4.99% (or up to 9.99% at holder's option).
Placement agents Maxim Group and Roth Capital; cash fee of 4.5% of gross proceeds.

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. entered into Purchase Agreement with certain institutional and accredited investors valued at gross proceeds of $2,700,700 (effective 2026-06-07).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional and accredited investors
Value: gross proceeds of $2,700,700
Effective: 2026-06-07

Exact text from the filing

On June 7, 2026, SUNation Energy, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional and accredited investors (the “Investors”) set forth on the signature page thereto for the purchase and sale of an aggregate of 2,390,000 in shares of common stock of the Company, par value $0.05 per share (the “Shares”), for gross proceeds of $2,700,700, which Shares were priced at market at $1.13 per share, based on the closing price of the Company’s Common Stock on the Nasdaq Capital Market on June 5, 2026 (the “Offering”).

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SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-066000

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