SUNation Energy Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$SUNE
Telecommunications Equipment
Utilities
Get the next $SUNE alert in real time by email
false 0000022701 0000022701 2025-01-07 2025-01-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (date of earliest event reported): January 7, 2025

 

SUNation Energy, Inc.

(Exact name of Registrant as Specified in its Charter) 

 

Delaware

(State Or Other Jurisdiction Of Incorporation) 

 

001-31588   41-0957999
(Commission File Number)   (I.R.S. Employer
Identification No.)

 

171 Remington Boulevard

Ronkonkoma, NY

  11779
(Address of Principal Executive Offices)   (Zip Code)

 

(631) 750-9454

Registrant’s Telephone Number, Including Area Code

 

Securities registered pursuant to Section 12(b) of the Act

 

Title of Each Class   Trading Symbol   Name of each exchange on which registered
Common Stock, par value, $.05 per share   SUNE   The Nasdaq Stock Market, LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On January 7, 2025, SUNation Energy, Inc., a Delaware corporation (the “Company”), issued a press release which announced that its Board of Directors has approved the inclusion of bitcoin (“BTC”) as an asset in the Company’s treasury management program, which the Company believes will diversify its treasury holdings, which are currently limited to U.S. dollars. This initiative aligns with SUNation’s intended goal to enable BTC as a payment option for its customers and suppliers as part of its core mission intended to make solar more accessible. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information under this Item 7.01, including Exhibit 99.1 hereto, is being furnished herewith and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by the Company that the information contained herein, including the exhibit hereto, is material or that the dissemination of such information is required by Regulation FD.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Current Report on Form 8-K contains “forward-looking statements.” Any statements contained in this Current Report on Form 8-K that do not describe historical facts may constitute forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “if,” “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These forward-looking statements are based on information currently available to the Company’s management as well as estimates and assumptions made by its management and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause the Company’s or its industry’s actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. These forward-looking statements are made as of the date of this Current Report on Form 8-K, and the Company does not undertake an obligation to update these forward-looking statements after such date.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.   Description
99.1   Press Release, dated January 7, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATUREs

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SUNATION ENERGY, INC.
   
  By: /s/ James Brennan
    James Brennan
    Chief Operating Officer
     
Date: January 7, 2025    

 

 

2

 

 

Get the next $SUNE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$SUNE

DatePrice TargetRatingAnalyst
More analyst ratings

$SUNE
Press Releases

Fastest customizable press release news feed in the world

See more
  • SUNation Energy Commences Work for Georgica Green Ventures' Affordable and Supportive Housing Complex

    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

    $SUNE
    Telecommunications Equipment
    Utilities
  • SUNation Energy Announces Bitcoin Treasury Strategy

    RONKONKOMA, N.Y., Jan. 07, 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 its Board of Directors has approved the inclusion of bitcoin (BTC) as an asset in the Company's treasury management program. As part of this strategy, SUNation plans to allocate up to 30% of its excess cash, calculated based on its estimated six-month operating expenses, toward BTC purchases. This allocation will be subject to, among other factors, market conditions and the Company's operational requirements, including in support of its planned expansion strate

    $SUNE
    Telecommunications Equipment
    Utilities
  • SUNation Energy to Ring the Nasdaq Closing Bell on December 16, 2024

    RONKONKOMA, N.Y., Dec. 16, 2024 (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 announced that it will ring the Closing Bell at the Nasdaq MarketSite in Times Square, New York City on Monday, December 16, 2024. Scott Maskin, Chief Executive Officer and the Company's Founder, will be joined by SUNation's board of directors, members of the management team, and advisors. "We are honored to ring the Nasdaq Closing Bell to commemorate our corporate name change and to recognize the efforts of our talented tea

    $SUNE
    Telecommunications Equipment
    Utilities

$SUNE
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$SUNE
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$SUNE
SEC Filings

See more