RONKONKOMA, N.Y., March 14, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or the "Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that has repaid in full all of the accrued principal and interest associated with a total of $9.4 million in senior and junior secured loans with maturity dates ranging between July 2025 and June 2027. In connection with these repayments, the respective loan and related agreements were terminated, all associated monthly payment obligations eliminated, and certain material restrictive covenants which were contained in the respective loa

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RONKONKOMA, N.Y., April 17, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or the "Company"), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today issued a Letter to Shareholders from CEO Scott Maskin in connection with the filing of the Company's Form 10-K for the year ended December 31, 2024 ("FY 2024") on April 15, 2025. A copy of the Company's Form 10-K is available at www.sec.gov. Dear Fellow Shareholder: I am writing to you with a renewed sense of optimism for SUNation's future, tremendous pride in the dedication and hard work of our team, and appreciation for t

RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or "the Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 - for 1 reverse stock split of the Company's outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company's common stock will continue to trade under the symbol "SUNE" and it is expected to open for trading on Nasdaq on April 21, 2025 on a post-split basis. The new CUSIP number for the common stock following the reverse stock split will be 72303P503. The ratio of

RONKONKOMA, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or "the Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that recently completed capital transactions have allowed the Company to materially deliver its balance sheet, improve future cash flows, and enhance its financial flexibility to pursue its long-term growth objectives. As previously announced, the Company raised approximately $20.0 million in aggregate gross proceeds via a securities purchase agreement with certain institutional investors ("the Offering"), which closed in separate tran

RONKONKOMA, N.Y., April 07, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. ("SUNation" or the "Company") (NASDAQ:SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced the second and final closing of its previously announced securities purchase agreement with certain institutional investors for the purchase and sale of 4,347,826 shares of the Company's common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company's common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company's common s

RONKONKOMA, N.Y., March 14, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or the "Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that has repaid in full all of the accrued principal and interest associated with a total of $9.4 million in senior and junior secured loans with maturity dates ranging between July 2025 and June 2027. In connection with these repayments, the respective loan and related agreements were terminated, all associated monthly payment obligations eliminated, and certain material restrictive covenants which were contained in the respective loa

RONKONKOMA, N.Y., March 11, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that Scott Maskin, Chief Executive Officer, and James Brennan, Chief Financial Officer and Chief Operating Officer, will participate in the 37th Annual Roth Conference, the annual conference for growth companies, which will be held on March 16-18, 2025 in Dana Point, CA. The Company will host 1x1 investor, analyst and strategic partner meetings during the conference. To schedule a meeting with SUNation management, please contact your Roth representative. About SUN

RONKONKOMA, N.Y., March 10, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that Chief Operating Officer James Brennan has assumed the title and additional responsibilities of Chief Financial Officer, effective March 5, 2025. Mr. Brennan, who joined SUNation in 2015 and was appointed Chief Operating Officer in 2022, brings more than 30 years of domestic and international experience in M&A, finance, strategy, corporate development, sales and marketing to his new role. "Jim has been a trusted advisor, key partner, and stabilizing force with

RONKONKOMA, N.Y., Feb. 28, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced the initial closing of its previously announced securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company's common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company's common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company's common stock at an effective purchase price of

RONKONKOMA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company's common stock (or common stock equivalents in lieu thereof) Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company's common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company's common stock at an effective purchase price of $1.15 per share (or co

RONKONKOMA, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (NASDAQ:SUNE) ("SUNation" or the "Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has commenced installation of a solar project at The Grove, a 55-unit mixed-use affordable and supportive housing development in the hamlet of East Patchogue on New York's Long Island. SUNation is working alongside Georgica Green Ventures, LLC (GGV), a Jericho, NY based firm that specializes in the development, construction and property management of workforce housing, and New Ground Inc., a 501(c)(3) that applies a multi-facete

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