SUNation Energy Announces 1-For-200 Reverse Stock Split, Effective April 21, 2025

Benzinga·04/16/2025 13:17:01

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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 its Board of Directors approved a 200 - for 1 reverse stock split of the Company's outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025.

The Company's common stock will continue to trade under the symbol "SUNE" and it is expected to open for trading on Nasdaq on April 21, 2025 on a post-split basis. The new CUSIP number for the common stock following the reverse stock split will be 72303P503.

The ratio of the reverse stock split is within the range approved by shareholders at a Special Meeting of Shareholders held on April 3, 2025. The reverse stock split is primarily intended to increase the market price per share of the Company's common stock to regain compliance with the minimum bid price required for continued listing on The Nasdaq Capital Market.

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