Highest-materiality recent filing
SUNation Q1 revenue falls 43% to $7.2M; net loss $(1.20)/share; commercial revenue +15%
Revenue $7.2M vs $12.6M YoY; gross margin 22% vs 35%; net loss $4.1M ($(1.20)/diluted share).
SUNation converts $1.2M debt to equity at 10% premium; extends credit line to $1.5M
Board approves conversion of ~$1.2M long-term debt into 677k restricted shares at $1.77/share (10% premium to Apr 13 close).
SUNation Energy enters ATM equity facility for up to $3.6M with Maxim Group
At-market equity facility with Maxim Group LLC for up to $3,599,586 in common stock.
SUNation Energy Board initiates strategic alternatives review; potential sale or merger possible
Board authorized review of strategic alternatives including potential sale, business combinations, acquisitions, and divestitures.
SUNation Energy Q4 revenue up 77% to $27.2M; beats FY 2025 guidance, net income in Q4
Q4 revenue $27.2M (+77% YoY), gross margin 40.7% (vs 36.4%), net income $2.6M vs loss of $6.8M.
SUNation eliminates $1.1M legacy promissory note for $800K settlement, saving $20K/month
Remaining ~$1.1M principal on note from 2021 shareholder buyout eliminated with lump-sum $800K settlement.
SUNation Energy shareholders reject amendment to 2022 Equity Incentive Plan at annual meeting
Elected Roger H.D. Lacey as Class I director with 410,823 votes for, 2,826 withheld.
SUNation terminates CVR agreement after final $276K payment to holders
Termination effective Dec 16, 2025, following final payment of $276,000.48 to CVR holders.
SUNation Energy posts updated investor presentation; no specific financial details disclosed.
Company posted updated investor presentation on its website dated September 15, 2025.
SUNation Energy enters $30M ATM with Needham; Q2 adjusted EBITDA loss narrows to $1.0M
Entered at-the-market offering agreement with Needham for up to $30M of common stock, replacing prior Roth ATM.
SUNation Energy dismisses UHY as auditor, appoints CBIZ effective July 18, 2025
Dismissed UHY as independent registered public accounting firm on July 18, 2025.
SUNation cancels Series A Warrants, pays $267K, lifts ATM restriction
Series A Warrants for 652,174 shares canceled for $267,392 payment to holders.
SUNation retains Nasdaq listing after panel finds no violation of bid price or public interest rules
Nasdaq Hearing Panel ruled June 10, 2025 that SUNation is not in violation of Listing Rules 5100 (public interest) and 5550(a)(2) (bid price).
SUNation Energy Q1 net loss $3.5M, revenue down 4%; introduces FY2025 guidance
Revenue $12.6M (-4% YoY); net loss $(3.5)M vs net income $1.2M (Q1 2024 had $3.4M other income).
SUNation receives Nasdaq deficiency notice, implements 1-for-200 reverse stock split
Nasdaq notified SUNation on April 11, 2025 of non-compliance with $1.00 minimum bid price for 30 consecutive days.
Second closing generates $5M gross proceeds; combined with first tranche totals ~$20M.
Increase from 25M to 1B authorized shares approved: 3,080,634 for, 424,381 against.
SUNation Energy furnishes corporate presentation; no specific new material event disclosed
Company furnished a corporate presentation under Item 7.01 Regulation FD.
SUNation repays ~$9.4M in loans with equity proceeds; terminates four debt agreements
Decathlon loan repaid early at reduced amount of $6,229,875 (balance was $6,740,516).
SUNation Energy appoints James Brennan as CFO after interim CFO Andrew Childs resigns
Andrew Childs resigns as interim CFO effective March 6, 2025; no dispute or disagreement with the company.
SUNation Energy closes $15M initial tranche of $20M registered direct offering
Initial closing raised $15M gross from 13,043,480 shares/pre-funded warrants at $1.15/unit.
Issued one share Series D Preferred to Conduit as collateral for $1M loan (net $800k after 20% OID); escrowed until repayment.
SUNation Energy raises $20M in registered direct offering of stock and warrants at $1.15/unit
Offering consists of 17.4M shares (or pre-funded warrants) plus Series A and B warrants for up to 17.4M shares each.
Board approved BTC as a treasury asset; up to 30% of excess cash (based on six-month operating expenses) allocated to BTC purchases.
SUNation Energy extends CVR term to Dec 2025; to dissolve JDL and Ecessa subsidiaries
CVR term extended from Dec 31, 2024 to Dec 31, 2025; remaining restricted cash subject to Monetization Expenses.
SUNation appoints Scott Maskin as permanent CEO; James Brennan named COO
Scott Maskin appointed permanent CEO effective Dec 10, 2024; previously interim CEO since May 2024.
Pineapple Energy reincorporates in Delaware, changes name to SUNation Energy, ticker to SUNE
Reincorporation from Minnesota to Delaware and name change to SUNation Energy, Inc. effective November 19, 2024.
Pineapple Energy shareholders approve Delaware redomestication and name change to SUNation Energy
Redomestication from MN to DE approved: 12,209,884 For, 129,838 Against, 20,879 Abstain.
Pineapple Energy enters $10M ATM equity offering agreement with Roth Capital Partners
Up to $10,000,000 of common stock may be sold at market prices under sales agreement dated Oct 21, 2024.
Pineapple Energy implements 1-for-50 reverse stock split and terminates corporate lease
Reverse stock split of 1-for-50 effective Oct 17, 2024, to regain Nasdaq bid price compliance.
Pineapple Energy receives Nasdaq delisting notice; no cure period due to panel monitor
Received Nasdaq letter Oct 1, 2024: bid price below $1 for 30 consecutive days ending Sep 30, 2024.
Pineapple Energy secures $380K third advance under convertible note; conversion at $0.45/share
Third advance of $380K from Conduit Capital; note principal capped at $1M, with 20% original issue discount.
Entered Amended Note with Conduit Capital for additional $120,000 advance, convertible at $0.45 per share.
Pineapple Energy names Andrew Childs as Interim CFO and Corporate Secretary
Childs receives $250k annual base salary and bonus potential up to 40% of base.
Pineapple Energy board members Scott Honour and Thomas Holland resign; Spring Hollis appointed
Scott Honour resigned from board effective Aug 22, 2024, not due to any dispute with the company.
Conduit and MBB each provided $500K principal ($400K net after 20% OID) bridge loans, 20% interest, due July 21, 2025, secured by all assets.
Pineapple Energy shareholders OK 17.8x authorized share increase and reverse split up to 1:200
Authorized common shares raised from 7.5M to 133,333,333 post-split; reverse split ratio 1:2 to 1:200 at board discretion.
Pineapple Energy CFO resigns, two directors replaced; engages Conduit Capital for support
CFO Eric Ingvaldson resigns effective Aug 30, 2024.
Pineapple Energy annual meeting adjourned due to lack of quorum
Only 45.6% of eligible shares represented, short of majority quorum requirement.
Pineapple Energy implements 1-for-15 reverse stock split effective June 12, 2024
Reverse stock split ratio 15:1 effective June 12, 2024; no fractional shares issued, cash in lieu.
Pineapple Energy appoints James Brennan as COO; faces $2.5M earnout demand
James R. Brennan appointed COO effective May 28, 2024; previously SVP Corporate Development since Nov 2022.
Pineapple Energy CEO Kyle Udseth resigns; Scott Maskin interim CEO; earnout demand received
Kyle Udseth resigns as CEO and director effective May 17, 2024; no dispute with company.
On May 17, 2024, Pineapple Energy (PEGY) entered a Limited Waiver with Series A Preferred holders to reallocate share reserves.
Pineapple Energy moves record date for 2024 annual meeting to May 23
Annual meeting scheduled for July 1, 2024, as previously reported on 8-K.
Nasdaq notified Pineapple Energy of non-compliance with minimum $2.5M stockholders' equity rule; equity was negative $11.2M as of March 31, 2024.
Pineapple Energy Q1 revenue $13.2M (-40% YoY); adj. EBITDA loss $1.5M; net loss to common $10.1M
Revenue $13.2M, down 40% YoY; gross profit $4.8M, down 40% YoY.
On March 3, 2025, Andrew Childs, our interim Chief Financial Officer, informed SUNation Energy, Inc. (the “Company”) and its Board of Directors (the “Board”) of his intention to resign as the interim Company’s Chief Financial Officer, effective at the close of business on March 6, 2025.
On March 5, 2025, following Mr. Childs’ resignation, the Company’s Board of Directors appointed James Brennan to fill the role of Chief Financial Officer of the Company, effective immediately, which shall be in addition to his role serving as the Chief Operating Officer.
Effective August 28, 2024, Andrew Childs was appointed as Chief Financial Officer (“CFO”) of Pineapple Energy Inc., (the “Company”).
Scott Honour informed Pineapple Energy Inc. (the "Company") of his decision to resign from the Board of Directors (the "Board"), effective as of the date a successor director was appointed, which was August 22, 2024, as described below.
On August 23, 2024, Thomas J. Holland informed the Company of his decision to resign from the Board, effective immediately.
On August 22, 2024, the Board appointed Spring Hollis to serve as a director of the Company, effective on such date, to fill the vacancy disclosed above created by the resignation of Mr. Honour.
On July 8, 2024, the Board appointed Kevin O’Connor and Henry B. Howard to serve as directors of the Company beginning July 8, 2024, to fill the vacancies disclosed above created by the resignations of Ms. Alder and Mr. Sampson.
On July 3, 2024, Randall D. Sampson informed the Company of his decision to resign from the Board effective as of July 3, 2024.
On July 2, 2024, Marilyn S. Adler informed the Company of her decision to resign from the Board effective as of July 2, 2024.
On July 8, 2024, the Board appointed Kevin O’Connor and Henry B. Howard to serve as directors of the Company beginning July 8, 2024, to fill the vacancies disclosed above created by the resignations of Ms. Alder and Mr. Sampson.
On July 1, 2024, Eric Ingvaldson informed Pineapple Energy Inc. (the “Company”) of his decision to resign as Chief Financial Officer of the Company, effective August 30, 2024.
On May 28, 2024, the Board of Directors of Pineapple Energy Inc. (the “Company”) appointed James R. Brennan as the Company’s Chief Operating Officer , effective May 28, 2024.
Max materiality 0.90 · Median 0.65 · Most common event other_material