Source-grounded facts extracted from SUNation Energy, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
SUNation Energy, Inc. entered into Agreement and Plan of Merger with Suniva, Inc. valued at Merger of Merger Sub into Suniva; Suniva stockholders expected to own 98.2% of combined company (effective 2026-06-05).
“On June 5, 2026, SUNation Energy, Inc., a Delaware corporation (“SUNation”), SUNation Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of SUNation (“Merger Sub”), and Suniva, Inc., a Delaware corporation (“Suniva”), entered into an Agreement and Plan of Merger”
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).
“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”).”
SUNation Energy, Inc. reported the first quarter ended March 31, 2026 results: revenue $7.2 million, EPS $(1.20) per diluted share.
“results will show what we’ve got what it takes as this market settles out.” Q1 2026 FINANCIAL AND OPERATIONAL RESULTS Financial Results ● Consolidated revenue decreased 43.1% to $7.2 million from $12.6 million, driven primarily by a 53% decrease in residential contract revenue and a 3% decrease in service revenue, partially offset by a 15% increase in commercial”
SUNation Energy, Inc. issued common stock to Scott Maskin and James Brennan for conversion of up to $1,200,000 of debt.
“On April 14, 2026, the Board of Directors approved entry into a “Debt Conversion Agreement” in connection with the conversion of up to $1,200,000 of debt payable under the Long-Term Note into shares of restricted common stock (the “Conversion Shares”) of the Company pursuant to Regulation D of the Securities Act of 1933, as amended, on the following terms: (1) the Conversion Shares shall consist of restricted shares of voting common stock, par value $.05 per share, (2) the Conversion Shares shall be issued at a price per share of $1.77”
SUNation Energy, Inc. amended Long-Term Promissory Note (effective 2026-04-14).
“On April 14, 2026, the Board of Directors approved entry into a "Debt Conversion Agreement" in connection with the conversion of up to $1,200,000 of debt payable under the Long-Term Note into shares of restricted common stock”
SUNation Energy, Inc. amended Line of Credit Agreement with MBB Energy, LLC valued at increase the aggregate dollar capacity ... from a previous total of $1,000,000 to a new aggregate to (effective 2026-04-14).
“On April 14, 2026, the Board of Directors of the Company agreed to amend the Line of Credit Agreement and the Line of Credit Note in two principal respects: (i) to extend the Maturity Date by six (6) months to October 15, 2026”
SUNation Energy, Inc. amended senior notes of $5,486,000 maturing May 1, 2028.
“the Long-Term Note was amended and restated whereby the principal amount of $5,486,000 previously due and payable under the original Long-Term Note, together with all accrued and unpaid interest owing thereunder, became due and payable on May 1, 2028, and such amended note became a senior secured instrument of the Company”
SUNation Energy, Inc. amended revolving credit of increased Line of Credit Capacity to a new aggregate total of $1,500,000 with MBB Energy, LLC maturing October 15, 2026.
“to extend the Maturity Date by six (6) months to October 15, 2026 (“New Maturity Date”), and (ii) to increase the aggregate dollar capacity of the Line of Credit Agreement by fifty percent from a previous total of $1,000,000 to a new aggregate total of $1,500,000”
SUNation Energy, Inc. incurred revolving credit of up to an aggregate principle amount $1,000,000 with MBB Energy, LLC at 8% maturing one (1) year.
“the Company may request one or more loans of up to an aggregate principle amount $1,000,000 under this line of credit for a period of one (1) year (the “Term”) from the date or entry. Any loans drawn by the Company under this line of credit facility will carry interest on an annualized basis of 8%”
SUNation Energy, Inc. entered into Sales Agreement with Maxim Group, LLC valued at up to $3,599,586 (effective 2026-04-08).
“On April 8, 2026, SUNation Energy, Inc. (“SUNation” or the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Maxim Group, LLC (“Maxim” or the “Sales Agent”).”
SUNation Energy, Inc. reported fourth quarter and full year ended December 31, 2025 results: revenue $27.2 million (Q4 2025) and $71.9 million (FY 2025), net income $2.6 million (Q4 2025).
“SUNation Energy Reports Fourth Quarter and Full Year 2025 Financial Results”
SUNation Energy, Inc. incurred revolving credit of Borrowings under the Revolver bear interest at a fixed annual rate of 8%, payable monthly in arrears. Prior to drawing o with MBB Energy, LLC at fixed annual rate of 8% maturing Not specified.
“In connection with the elimination of the long-term promissory note, the Company utilized its existing $1 million secured revolving line of credit facility established in April 2025 (the “Revolver”) with MBB Energy, LLC (“MBB”), which is an affiliate and related party of the Company by virtue of MBB being an entity controlled by Scott Maskin, our chief executive officer. Borrowings under the Revolver bear interest at a fixed annual rate of 8%, payable monthly in arrears on the first day of each calendar month. The Company may repay outstanding borrowings at any time without penalty. Prior to drawing on this facility in January 2026, no amounts had been drawn on the Revolver.”
SUNation Energy, Inc. amended loan of Remaining principal balance of approximately $1.1 million eliminated via lump-sum settlement payment of $800,000, reduci with Former shareholder of SUNation Solar Systems at Unknown maturing March 1, 2031.
“On January 30, 2026, the Company reached agreement with former shareholder to eliminate the promissory note. Prior to reaching this settlement, the promissory note carried remaining principal balance of approximately $1.1 million and required monthly payments of approximately $25,000 through the contractual maturity date of March 1, 2031. To eliminate the long-term promissory note, significantly reduce this remaining multi-year obligation and improve financial flexibility, the Company negotiated a one-time lump-sum settlement payment of $800,000, which payment was made on January 30, 2026.”
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).
“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.”
SUNation Energy, Inc. engaged CBIZ CPAs P.C. as its auditor.
“On July 18, 2025, the Audit Committee approved the engagement of CBIZ CPAs P.C. (“CBIZ”) as its new independent registered public accounting firm.”
SUNation Energy, Inc. dismissed UHY LLP as its auditor.
“On July 18, 2025, the Audit Committee of the Board of Directors (the “Audit Committee”) of SUNation Energy, Inc. (the “Company”) dismissed UHY LLP (“UHY”) as the Company’s independent registered public accounting firm.”
SUNation Energy, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).
“June 10, 2025, the Company received the Nasdaq Hearing Panel’s decision in which it notified the Company that it did not find the Company to be in violation of Listing Rules 5100 and 5550(a)(2), the “Public Interest Concern” and “Bid Price Rule”, respectively. Accordingly, the June 10, 2025 letter further provided that the Company is deemed to be in full compliance with the applicable Nasdaq Listing Rules, and that the above-referenced matter was closed.”
SUNation Energy, Inc. incurred revolving credit of $1,000,000 with MBB Energy, LLC at 8% maturing April 15, 2026.
“SUNation Energy, Inc. (the “Company”) entered into a Secured Revolving Line of Credit Agreement (the “Agreement”) between the Company and MBB Energy, LLC, a New York limited liability company, pursuant to which the Company may request one or more loans of up to an aggregate principle amount $1,000,000 under this line of credit for a period of one (1) year (the “Term”) from the date or entry. Any loans drawn by the Company under this line of credit facility will carry interest on an annualized basis of 8%, payable monthly on the first day of each month thereafter.”
SUNation Energy, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).
“April 11, 2025 , the Company received a letter (the “Minimum Bid Price Deficiency Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the 30 consecutive business day period immediately preceding deficiency letter, the Company’s common stock had not maintained a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) and, as a result, does not comply with Listing Rule 5550(a)(2) (the “Rule”). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with”
SUNation Energy, Inc.: Amended Certificate of Incorporation to effect a one-for-two hundred reverse stock split (effective 2025-04-16).
“Effective April 16, 2025, the Company amended its Certificate of Incorporation (“Certificate of Amendment”) to implement a one-for-two hundred reverse stock split.”
SUNation Energy, Inc.: Increased authorized shares of common stock to 1,000,000,000 shares via Amended Certificate of Incorporation (effective 2024-04-04).
“On April 4, 2024, SUNation Energy, Inc. (the “Company”) filed an Amended Certificate of Incorporation with the Secretary of State of the State of Delaware reflecting an increase of its authorized shares of common stock to 1,000,000,000 shares”
James Brennan was appointed as Chief Financial Officer at SUNation Energy, Inc..
“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.”
Andrew Childs resigned as interim Chief Financial Officer at SUNation Energy, Inc..
“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.”
SUNation Energy, Inc.: The filing incorporates by reference information from Item 7.01 regarding Series D Preferred Stock issuance, but no substantive change to articles or bylaws is described.
“The information set forth below, in relevant part, in Item 7.01 (relating to the issuance of Series D Preferred Stock) is hereby incorporated by reference into this Item 5.03.”
SUNation Energy, Inc.: Reincorporated from Minnesota to Delaware and changed company name from Pineapple Energy Inc. to SUNation Energy, Inc (effective 2024-11-14).
“On November 14, 2024 Pineapple Energy Inc. (the “Company”) filed articles of conversion with the Secretary of State of the State of Minnesota and filed a certificate of conversion with the Secretary of State of the State of Delaware changing its jurisdiction of incorporation from Minnesota to Delaware (the “Reincorporation”), as well as having filed a Certificate of Incorporation with the Secretary of State of the State of Delaware on this same date. In addition to the Reincorporation, the Company is also effectuating a change to its name from Pineapple Energy Inc. to SUNation Energy, Inc. (the “Name Change”), as reflected on the certificate of incorporation and bylaws, the forms of which are annexed hereto as Exhibits 3.1 and 3.2 , respectively, which Name Change shall be effective November 19, 2024.”
SUNation Energy, Inc.: Amended articles of incorporation to effect a one-for-fifty reverse stock split (effective 2024-10-17).
“Effective October 17, 2024, the Company amended its Fourth Amended and Restated Articles of Incorporation (“Articles of Amendment”) to implement a one-for-fifty reverse stock split.”
Andrew Childs was appointed as Chief Financial Officer at SUNation Energy, Inc..
“Effective August 28, 2024, Andrew Childs was appointed as Chief Financial Officer (“CFO”) of Pineapple Energy Inc., (the “Company”).”
Spring Hollis was appointed as director at SUNation Energy, Inc..
“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.”
Thomas J. Holland resigned as director at SUNation Energy, Inc..
“On August 23, 2024, Thomas J. Holland informed the Company of his decision to resign from the Board, effective immediately.”
Scott Honour resigned as director at SUNation Energy, Inc..
“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.”
Henry B. Howard was appointed as Director at SUNation Energy, Inc..
“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.”
Kevin O'Connor was appointed as Director at SUNation Energy, Inc..
“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.”
Randall D. Sampson resigned as Director at SUNation Energy, Inc..
“On July 3, 2024, Randall D. Sampson informed the Company of his decision to resign from the Board effective as of July 3, 2024.”
Marilyn S. Adler resigned as Director at SUNation Energy, Inc..
“On July 2, 2024, Marilyn S. Adler informed the Company of her decision to resign from the Board effective as of July 2, 2024.”
Eric Ingvaldson resigned as Chief Financial Officer at SUNation Energy, Inc..
“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.”
James R. Brennan was appointed as Chief Operating Officer at SUNation Energy, Inc..
“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.”
Scott Maskin was appointed as Interim Chief Executive Officer at SUNation Energy, Inc..
“The Company’s Board of Directors has appointed Scott Maskin as the Company’s Interim Chief Executive Officer , effective May 17, 2024.”
Kyle Udseth resigned as Chief Executive Officer at SUNation Energy, Inc..
“On May 17, 2024, Kyle Udseth informed Pineapple Energy Inc. (the “Company”) of his decision to resign as Chief Executive Officer and as a director of the Company, effective May 17, 2024.”
SUNation Energy, Inc.: Filed a Certificate of Designation designating rights, preferences, privileges, and restrictions of a new series of Preferred Stock (effective 2024-05-13).
“On May 13, 2024, the Company filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of Minnesota, effective as of May 13, 2024, designating the rights, preferences, privileges and restrictions of the share of the Preferred Stock.”
SUNation Energy, Inc. entered into Subscription Agreement with Lake Street Solar, LLC valued at $15 cash (effective 2024-05-13).
“On May 13, 2024, Pineapple Energy Inc. (the “Company”) entered into a Subscription and Investment Representation Agreement (the “Subscription Agreement”) with Lake Street Solar, LLC (the “Purchaser”), a former holder of more than ten percent of the Company’s common stock and an affiliate of Scott Honour, a director of the Company, pursuant to which the Company agreed to issue and sell one (1) share of the Company’s Series B Preferred Stock, par value $1.00 per share (the “Preferred Stock”), to the Purchaser for $15 cash.”
SUNation Energy, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“May 16, 2024, Pineapple Energy Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market informing the Company that it no longer complies with the requirement under Nasdaq Listing Rule 5550(b)(1) to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing on the Nasdaq Capital Market (the “Stockholders’ Equity Rule”) because the Company reported stockholders’ equity of negative $11.2 million in its Form 10-Q for the period ended March 31, 2024, and, as of the date of the Notice, the Company di”
SUNation Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $13,219,197, net income $1,202,651, EPS ($0.26).
“declined to $30M as of May 1, 2024, down from $36M as of December 31, 2023 First Quarter 2024 Results from Continuing Operations 1 1 st Quarter 2024 1 st Quarter 2023 Revenue $13,219,197 $22,065,424 Gross Profit $4,805,448 $8,006,315 Operating Expense $6,988,402 $10,155,841 Operating Loss $(2,182,954) ($2,149,526) Other Income (Expense) $3,391,767 ($444,414)”
SUNation Energy, Inc. shareholders approved Adjournment Proposal to permit the Company to adjourn or postpone the Special Meeting for the purpose of soliciting additional proxies at the 2024-04-12 meeting.
“The Company’s shareholders approved the proposal to permit the Company to adjourn or postpone the Special Meeting for the purpose of soliciting additional proxies if there are insufficient votes to approve any of the proposals at the time of the Special Meeting by voting as follows: For Against Abstain 25,763,773 8,231,308 123,792”
SUNation Energy, Inc. shareholders rejected Authorized Share Amendment Proposal to increase the number of authorized shares of Common Stock from 112,500,000 to 2,000,000 at the 2024-04-12 meeting.
“The Company’s shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 112,500,000 to 2,000,000 by voting as follows: For Against Abstain Broker Non-Votes 21,070,030 5,934,760 35,700 7,078,383”
SUNation Energy, Inc. shareholders rejected Reverse Stock Split Proposal to effect a reverse stock split at a ratio within a range of 1-for-25 to 1-for-200 at the 2024-04-12 meeting.
“The Company's shareholders did not approve an amendment to the Company’s Amended and Restated Articles of Incorporation to effect a reverse stock split of the issued and outstanding shares of the Company’s Common Stock at a ratio within a range of 1-for-25 to 1-for-200 by voting as follows: For Against Abstain 27,625,617 6,441,977 51,279”
SUNation Energy, Inc. reported the fourth-quarter and full year ended December 31, 2023 results: revenue $79.6 million.
“transition by helping individual homeowners take control of their electricity production, storage, and consumption. We came in just shy of our revenue guidance range, generating $79.6 million, and more importantly were able to deliver positive adjusted EBITDA over the full year. In 2024, we anticipate interest rates to start to fall, hardware costs to continue to”
SUNation Energy, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5550(a)(2), 5810(c)(3)(A)(iii), 5800).
“April 24, 2024, to regain compliance with the Minimum Bid Price Rule. On February 27, 2024, the Staff issued another notice (the "February Notice") notifying the Company that the Company's common stock had a closing bid price of $0.10 or less for 10 consecutive trading days (February 12, 2024 to February 26, 2024). Accordingly, the Company is subject to the provisions contemplated under Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stock Rule"). As a result, the Staff has determined to delist the Company's securities from Nasdaq effective as of the opening of business on March 7, 202”
SUNation Energy, Inc. amended Limited Waiver and Amendment with the Purchasers (effective 2024-02-05).
“In connection with the Offering, the Company also entered into a Limited Waiver and Amendment (the “Waiver”) dated February 5, 2024 with the Purchasers with respect to up to 50% of the shares of Series A Convertible Preferred Stock (the “Preferred Stock”) issued pursuant to the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock of the Company, previously filed with the State of Minnesota on March 25, 2022 (the “Certificate of Designation”).”
SUNation Energy, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at $1.0 million (effective 2024-02-05).
“On February 5, 2024, Pineapple Energy Inc. (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Purchasers”) for the sale by the Company of 2,702,703 shares (the “Shares”) of the Company’s common stock, par value $0.05 per share (the “Common Stock”), in a registered direct offering (the “Offering”).”
SUNation Energy, Inc.: Increased authorized shares of common stock from prior amount to 112,500,000 shares (effective 2024-01-30).
“On December 29, 2023, the shareholders of Pineapple Energy Inc. (the “Company”) approved an amendment to the Company’s Third Amended and Restated Articles of Incorporation (the “Articles of Incorporation”) to increase the number of authorized shares of the Company’s common stock, par value $0.05 per share (the “Common Stock”), to a total of 112,500,000 shares (the “Amendment”). The Amendment became effective on January 30, 2024 upon filing of Articles of Amendment to the Articles of Incorporation (the “Articles of Amendment”) with the Secretary of State of the State of Minnesota.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.