Communications Systems, Inc., through its subsidiaries, provides connectivity infrastructure products and services for deployments of broadband networks worldwide. It operates through two segments, Electronics & Software and Services & Support. The Electronics & Software segment designs, develops, and sells Intelligent Edge solutions that provide connectivity and power through Power over Ethernet products and actionable intelligence to end devices in an Internet of Things ecosystem through embedded and cloud-based management software. This segment also offers media converters, network interface cards, and Ethernet switches that integrate the benefits of fiber optics into any data network. This segment's products are used in various markets, including federal government, enterprise, service provider, industrial, security, and surveillance markets. The Services & Support provides software-designed wide-area network and other technology solutions that address prevalent IT challenges, including network resiliency, security products and services, network virtualization, and cloud migrations, IT managed services, wired and wireless network design and implementation, and converged infrastructure configuration, deployment and management. This segment primary serves vertical markets, such as healthcare, education, and commercial business. Communications Systems, Inc. was founded in 1969 and is headquartered in Minnetonka, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: commsystems.com
MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it has appointed Anita Kumar as its Chief Executive Officer, effective immediately. Ms. Kumar will also join CSI’s Board of Directors bringing the total number of members to six. As the new CEO, she succeeds Roger Lacey who will continue to serve as Executive Chairman of CSI’s Board of Directors. Ms. Kumar joined CSI in 2011 and was promoted to General Manager of Transition Networks in 2019, where she led business operations and oversaw the Electronics & Software assets of CSI. Prior to joining CSI, sh
4 - Pineapple Holdings, Inc. (0000022701) (Issuer)
4 - Pineapple Holdings, Inc. (0000022701) (Issuer)
4 - Pineapple Holdings, Inc. (0000022701) (Issuer)
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3 - Pineapple Holdings, Inc. (0000022701) (Issuer)
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Northland Securities reiterated coverage of Communications Systems with a rating of and set a new price target of $12.00 from $8.00 previously
- CSI Shareholders Approved Merger Proposal at Special Meeting on March 25, 2022 - CSI Expects Closing of Merger to Occur on Monday, March 28, 2022 - CSI Shareholders of Record as of the Close of Business on Friday, March 25, 2022 Will Receive CVRs Assuming Closing on March 28, 2022 Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that CSI shareholders approved Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC ("Pineapple"), at the reconvened special meeting of CSI shareholders that was held on March 25, 2022 at 9 a.m. CT. Roger Lacey, Executive Chair and Interim Chief Executive Officer of CSI, commented, "On behalf o
- Meeting Adjourned to March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET - Proposal #1 – Pineapple Merger Proposal – Requires 2/3 of Outstanding - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that the CSI special meeting of shareholders has been adjourned to Friday, March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. Proposal #1 continues to have very strong levels of CSI shareholder support. Approximately 66
Urges Investors to vote FOR the Merger at its Special Meeting Submit your vote through your broker, vote online (voting deadline is March 22 at 11:59pm ET) or at the shareholder meeting on March 23 at 1:00 pm CT (2:00pm ET) Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today urges CSI shareholders to vote "FOR" Proposal #1 to approve the merger transaction with Pineapple Energy LLC ("Pineapple"), at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. As of the close of the business day on March 21, 2022, approximately 62% of the CSI total outstanding shares have already voted in favor of Proposal #1. With at l
- CSI Shareholders Will Receive Value from BOTH Legacy CSI Business AND Future Pineapple Business - Very Close Vote and Every Share is Critical to Approval - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today reiterates the value to CSI shareholders from the merger transaction with Pineapple Energy LLC ("Pineapple") and urges CSI shareholders to vote "FOR" Proposal #1, the proposal to approve the merger transaction with Pineapple, at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. Almost 64% of the CSI total outstanding shares have already voted in favor of Proposal #1. To
Communications Systems, Inc. (NASDAQ:JCS) announced today that effective at 5:00 p.m. Central Time on March 18, 2022, the Company will implement a one-for-four reverse stock split of its outstanding common stock. The Company's common stock will continue to trade under the symbol "JCS" and it is expected to open for trading on Nasdaq on March 21, 2022 on a post-split basis. The reverse stock split is primarily intended to allow the Company to achieve one of the criteria of its continued listing application to the Nasdaq Stock Market following the completion of the previously announced proposed merger transaction with Pineapple Energy LLC, subject to CSI shareholder approval. Upon the effec
- Proposal #1 – Pineapple Merger Proposal – Requires Approval from 2/3 of Outstanding Shares - Other Proposals Required for Merger Were Approved - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that it conducted its special meeting of shareholders and adjourned the meeting solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. The adjourned special meeting will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. As of March 16, 2022, over 8.
- Merger is a result of a multi-year, publicly-disclosed strategic alternatives process - Combination of CVRs and continuing ownership in CSI with the post-closing Pineapple residential solar business will provide attractive value and return to CSI shareholders - First CVR distribution expected to be made as soon as August 2022 -Failed merger will negatively impact CSI current assets and may limit future CSI strategic alternatives Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided additional insight into the strategic alternatives process that led to the proposed merger with Pineapple Energy LLC ("Pineapple") that will deliver value to CSI shareholders if
Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided investors with updated information related to the proposed merger transaction with Pineapple Energy LLC ("Pineapple"). CSI's special meeting of shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a proxy statement/prospectus was sent to CSI shareholders as of the January 27, 2022 record date. Updating on the current status of shareholder voting, Roger Lacey, CSI's Executive Chair and Interim CEO stated, "We are happy to announce t
Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided an additional question and answer fact sheet for CSI shareholders relating to the proposed merger transaction with Pineapple Energy LLC ("Pineapple"). The Q&A Fact Sheet provides answers to the following questions: Do CSI shareholders have appraisal or dissenters' rights with respect to the Pineapple Merger Transaction? How much will the CSI executive officers receive at the closing of the merger under their change in control agreements? What are the initial base salaries of the CEO and the CFO of the combined company following the closing of the merger? What is CSI's expected accumulated earnings and
Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided an investor presentation and questions and answer fact sheet for CSI shareholders detailing the compelling strategic rationale and financial benefits of the proposed merger transaction with Pineapple Energy LLC ("Pineapple"). Interested investors can access the presentation here and can access the Q&A fact sheet here. As previously announced, a special meeting of CSI shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a proxy stat
Company raises $32 million in private placement Trading under "PEGY" on the Nasdaq Capital Market to begin March 29, 2022 Communications Systems, Inc. (NASDAQ:JCS) (the "Company" or "Pineapple Energy") today announced the closing of its merger with Pineapple Energy LLC. In connection with the closing, the Company changed its name to "Pineapple Holdings, Inc." on March 28, 2022 and its common stock is expected to trade on the Nasdaq Capital Market under the new symbol "PEGY" on Tuesday, March 29, 2022. Immediately prior to the merger, Pineapple Energy completed its acquisition of two Hawaiian solar companies, Hawaii Energy Connection, LLC and E-Gear, LLC. Following the merger, Pineapple E
- CSI Shareholders Approved Merger Proposal at Special Meeting on March 25, 2022 - CSI Expects Closing of Merger to Occur on Monday, March 28, 2022 - CSI Shareholders of Record as of the Close of Business on Friday, March 25, 2022 Will Receive CVRs Assuming Closing on March 28, 2022 Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that CSI shareholders approved Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC ("Pineapple"), at the reconvened special meeting of CSI shareholders that was held on March 25, 2022 at 9 a.m. CT. Roger Lacey, Executive Chair and Interim Chief Executive Officer of CSI, commented, "On behalf o
- Meeting Adjourned to March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET - Proposal #1 – Pineapple Merger Proposal – Requires 2/3 of Outstanding - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that the CSI special meeting of shareholders has been adjourned to Friday, March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. Proposal #1 continues to have very strong levels of CSI shareholder support. Approximately 66
Urges Investors to vote FOR the Merger at its Special Meeting Submit your vote through your broker, vote online (voting deadline is March 22 at 11:59pm ET) or at the shareholder meeting on March 23 at 1:00 pm CT (2:00pm ET) Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today urges CSI shareholders to vote "FOR" Proposal #1 to approve the merger transaction with Pineapple Energy LLC ("Pineapple"), at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. As of the close of the business day on March 21, 2022, approximately 62% of the CSI total outstanding shares have already voted in favor of Proposal #1. With at l
- CSI Shareholders Will Receive Value from BOTH Legacy CSI Business AND Future Pineapple Business - Very Close Vote and Every Share is Critical to Approval - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today reiterates the value to CSI shareholders from the merger transaction with Pineapple Energy LLC ("Pineapple") and urges CSI shareholders to vote "FOR" Proposal #1, the proposal to approve the merger transaction with Pineapple, at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. Almost 64% of the CSI total outstanding shares have already voted in favor of Proposal #1. To
Communications Systems, Inc. (NASDAQ:JCS) announced today that effective at 5:00 p.m. Central Time on March 18, 2022, the Company will implement a one-for-four reverse stock split of its outstanding common stock. The Company's common stock will continue to trade under the symbol "JCS" and it is expected to open for trading on Nasdaq on March 21, 2022 on a post-split basis. The reverse stock split is primarily intended to allow the Company to achieve one of the criteria of its continued listing application to the Nasdaq Stock Market following the completion of the previously announced proposed merger transaction with Pineapple Energy LLC, subject to CSI shareholder approval. Upon the effec
- Proposal #1 – Pineapple Merger Proposal – Requires Approval from 2/3 of Outstanding Shares - Other Proposals Required for Merger Were Approved - CSI Urges Shareholders to Vote Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today announced that it conducted its special meeting of shareholders and adjourned the meeting solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. The adjourned special meeting will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. As of March 16, 2022, over 8.
- Merger is a result of a multi-year, publicly-disclosed strategic alternatives process - Combination of CVRs and continuing ownership in CSI with the post-closing Pineapple residential solar business will provide attractive value and return to CSI shareholders - First CVR distribution expected to be made as soon as August 2022 -Failed merger will negatively impact CSI current assets and may limit future CSI strategic alternatives Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided additional insight into the strategic alternatives process that led to the proposed merger with Pineapple Energy LLC ("Pineapple") that will deliver value to CSI shareholders if
Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") today provided investors with updated information related to the proposed merger transaction with Pineapple Energy LLC ("Pineapple"). CSI's special meeting of shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a proxy statement/prospectus was sent to CSI shareholders as of the January 27, 2022 record date. Updating on the current status of shareholder voting, Roger Lacey, CSI's Executive Chair and Interim CEO stated, "We are happy to announce t
WAYZATA, Minn., March 07, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy LLC ("Pineapple"), a leading provider of sustainable solar energy and back-up power and security to households, today announced preliminary unaudited combined revenue results for Hawaii Energy Connection ("HEC") and E-Gear ("E-Gear"), which have agreed to be acquired by Pineapple in connection with Pineapple's proposed merger transaction with Communications Systems, Inc. (NASDAQ:JCS). Selected Preliminary Fourth Quarter and Full Year 2021 Financial Results (unaudited) For the quarter ended December 31, 2021, HEC and E-Gear combined revenue is expected to range from $8.4 million to $8.6 million,For the year ended December
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