Pineapple Energy announces 35c distribution to CVR holders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Pineapple Energy CVR Payment: Pineapple Energy will distribute $850,269, or $0.35 per Contingent Value Right (CVR), to holders following the merger with Communications Systems, which was completed on March 28, 2022.
ESOP Involvement: A small amount will also be allocated to the Pineapple Energy Employee Stock Ownership Plan (ESOP) for the orderly termination of the ESOP in 2024, as it holds CVRs acquired during the merger.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
