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

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

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