PEGY Overview

Corporate Name Change and Ticker Symbol: Pineapple Energy Inc. will change its name to SUNation Energy, Inc. and begin trading under the new ticker symbol "SUNE" on November 19, 2024, following its redomestication to Delaware effective November 14, 2024.

Company Overview: SUNation Energy focuses on providing sustainable solar energy solutions and aims to expand its presence in the solar and energy services market across the nation.

Pineapple Energy Regains Compliance: Pineapple Energy Inc. has regained compliance with Nasdaq's minimum share price requirement, as its stock closed above $1.00 for 10 consecutive trading days, leading to the cancellation of a scheduled hearing regarding its listing status.

Commitment to Long-term Success: Interim CEO Scott Maskin expressed gratitude for the support from shareholders and emphasized the company's focus on sustainable growth in solar energy and battery storage services.

Compliance with Nasdaq: Pineapple Energy has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share for continued listing.

Stock Performance and Actions: The company's shares are trading at $3.16, and it plans to execute a 1-for-50 reverse stock split following a partnership between its subsidiary SUNation and Radial Power.

Corporate Name Change: Pineapple Energy Inc. will change its name to SUNation Energy, Inc., with the effective date to be announced soon, following overwhelming shareholder approval at a Special Meeting on November 4, 2024.

Company Vision and Future Plans: The rebranding aims to leverage the company's established brand equity in solar energy while emphasizing its commitment to sustainable energy solutions and growth opportunities in the industry.

Pineapple Energy CVR Payment Announcement: Pineapple Energy Inc. will distribute $850,269, or $0.35 per Contingent Value Right (CVR), to holders as part of its commitment to investors following the merger with Communications Systems Inc.

Company's Future Focus: The new leadership team aims to enhance corporate governance, align cost structures, and refine strategies to capitalize on long-term market opportunities in the solar energy sector.

Pineapple Energy Announcement: Pineapple Energy Inc. will host a virtual Fireside Chat on November 14, 2024, led by Interim CEO Scott Maskin, discussing company developments and strategies to enhance shareholder value.

Forward-Looking Statements: The press release includes forward-looking statements that are subject to uncertainties and risks, emphasizing the potential for actual results to differ from expectations.