Core Points - Pineapple Energy Inc. has regained compliance with NASDAQ's bid price requirement, which mandates that companies maintain a stock price above $1.00 [5][6] - The management team, led by interim CEO Scott Maskin, emphasizes transparency and communication in their strategies to restore shareholder equity [2][6] - The company focuses on expanding its portfolio in the solar energy sector, offering comprehensive solutions in solar electricity, battery storage, and grid services for residential and commercial customers [3] Compliance and Management - Compliance with the bid price rule is a key priority for Pineapple's management [6] - The company has actively worked to demonstrate its value and commitment to shareholders [6] Business Focus - Pineapple aims to lead the energy transition by promoting grassroots growth in solar energy and battery storage [3] - The company operates under several brands, including SUNation Energy, Hawaii Energy Connection, and E-Gear, targeting both residential and commercial markets [3]

Core Insights - Pineapple Energy Inc. has engaged Conduit Capital for structural support, staffing, and capital raising activities [1][2] - The partnership aims to enhance Pineapple's operational capabilities and includes the addition of experienced professionals [2][4] - Eric Ingvaldson, the Chief Financial Officer, has resigned, with his last day being August 30, 2024 [3] Company Developments - Conduit Capital will provide key talent with industry-specific experience to support Pineapple's management team [2][4] - New members will join Pineapple's Board of Directors to replace resigning members [5][6] - Kevin O'Connor and Henry B. Howard will take on significant roles within the Board, with Howard chairing the Compensation Committee and O'Connor chairing the Audit Committee [6] Strategic Vision - Pineapple Energy focuses on expanding solar, storage, and energy services across the U.S., aiming to facilitate the energy transition through grassroots growth [7] - The company operates under various brands, including SUNation Energy and Hawaii Energy Connection, offering comprehensive solutions in solar and battery storage [7] Conduit Capital Overview - Conduit Capital specializes in connecting companies with mission-aligned investors and has a history of successful capital raises and corporate restructuring [2][8] - The firm aims to catalyze impactful investments that contribute to a sustainable future [9]

Core Points - Pineapple Energy Inc. is urging shareholders to vote their shares before the deadline of July 19, 2024, to meet quorum requirements for the annual shareholder vote [1][2] - The annual shareholder vote held on July 1, 2024, saw a voter participation of 45.6%, with 49,447,703 shares voted [2] - The meeting was adjourned and rescheduled for July 19, 2024, with interim CEO Scott Maskin noting a positive response to all proxy vote items [3][4] Company Overview - Pineapple Energy focuses on providing sustainable solar energy and backup power solutions for households and small businesses, aiming to facilitate the energy transition through grassroots growth [5] - The company operates under various brands, including SUNation Energy, Hawaii Energy Connection, and E-Gear, offering a comprehensive range of solar, battery storage, and grid services [5] - SUNation Energy, a subsidiary of Pineapple, has been recognized for its high-quality installations and customer service, serving over 9,000 clients since 2003 [6]

Voting will remain open until 11:59 p.m. ET on June 30, 2024. The Board of Directors emphasizes the importance of this shareholders' vote, specifically so that the company can achieve quorum to hold its annual meeting. Please vote even if you no longer own the shares but were a shareholder of record on the record date of May 23, 2024. Most shareholders can vote via proxyvote.com or by calling 1-800-690-6903. Some shareholders may vote by contacting Pineapple Energy's proxy solicitor, Morrow Sodali, at 1-877 ...

Core Insights - SUNation Energy, a subsidiary of Pineapple Energy, will install a custom roof-mounted solar system for the Guide Dog Foundation and America's VetDogs, which are nonprofit organizations dedicated to training assistance dogs for individuals with disabilities [1][6] - The project aims to reduce the nonprofits' operating expenses, allowing them to allocate more resources towards their services [6] - The installation is supported by a donation from Contract Pharmacal and federal Investment Recovery Act funding, with work expected to commence in July 2024 [7] Company Overview - SUNation Energy has been trusted by over 9,000 homeowners, businesses, and municipalities since 2003 for high-quality solar installations and exceptional customer service [4] - The company offers a comprehensive range of sustainable energy solutions, including residential and commercial solar installation, community solar, roofing, backup battery storage, and EV charging [4] - SUNation was recognized as a NYSERDA Quality Solar Installer Platinum Status in 2024, being one of only five solar companies in New York to achieve this status [10] Philanthropic Efforts - The collaboration between SUNation Energy and the Guide Dog Foundation reflects a commitment to philanthropy, with the CEO of Pineapple expressing personal ties to the cause as a volunteer puppy raiser [2][3] - The Guide Dog Foundation and America's VetDogs have received high ratings for financial stewardship and transparency from charitable watchdog organizations, relying on contributions from various sources to fund their programs [6][8]

MINNETONKA, Minn., June 20, 2024 (GLOBE NEWSWIRE) -- SUNation Energy, the Long Island, New York-based subsidiary of Pineapple Energy (Pineapple), has reported over $15 million in executed sales contracts and confirmed Letters of Intent in their commercial and industrial project pipelines. "SUNation's expertise has attracted many national developers who chose us for our safety record and attention to detail," John Mucci, SUNation's General Manager of New York Operations, added. "Our team studies every concei ...

Contacts: Scott Maskin Interim Chief Executive Officer +1 (631) 823-7131 scott.maskin@pineappleenergy.com "I pride myself on being accessible to everyone and anyone, and welcome my fellow shareholders to email me directly with their questions," Maskin added. "I'm in this for the long-run and appreciate the continued support you've all shown since I've taken the helm." MINNETONKA, Minn., June 17, 2024 (GLOBE NEWSWIRE) -- Scott Maskin, Interim CEO of Pineapple Energy Inc. ("Pineapple"), a leading provider of ...

MINNETONKA, Minn., June 12, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. ("Pineapple"), a leading provider of sustainable solar energy and backup power to households and small businesses, is announcing that SUNation Energy, the company's New York subsidiary, has completed two (2) of three (3) renewable energy projects within the Shinnecock Nation. As of writing, SUNation is now in final design phase of the $2.5 million 1 MW ground mount/carport community solar array, pending the award of grant funding. "S ...

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MINNETONKA, Minn., June 10, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (the "Company") (NASDAQ:PEGY) announced today that effective at 12:01 a.m. Central Time on June 12, 2024, the Company will implement a 1-for-15 reverse stock split of its outstanding common stock. The Company's common stock will continue to trade under the symbol "PEGY" and it is expected to open for trading on Nasdaq on June 12, 2024 on a post-split basis. The reverse stock split proportionally reduces the number of shares of the Co ...