SUNation Energy Terminates Series A Warrants Removing Potential Dilution of 652,174 Shares
SUNation Energy (Nasdaq: SUNE), a sustainable solar energy solutions provider, has terminated all outstanding Series A Common Stock Purchase Warrants issued during their February 2025 Registered Direct Offering. The company paid a one-time termination fee of $267,392 to warrant holders.
This strategic move prevents the potential dilution of 652,174 shares of stock that could have entered the market through these warrants, effectively streamlining the company's capital structure and enhancing financial flexibility.
SUNation Energy (Nasdaq: SUNE), fornitore di soluzioni sostenibili per l'energia solare, ha annullato tutti i Warrants di Acquisto di Azioni Ordinarie Serie A emessi durante la loro Offerta Diretta Registrata di febbraio 2025. La società ha corrisposto una commissione di annullamento una tantum di 267.392 $ ai detentori dei warrants.
Questa mossa strategica evita la possibile diluizione di 652.174 azioni che avrebbero potuto entrare nel mercato attraverso questi warrants, semplificando efficacemente la struttura del capitale dell'azienda e migliorando la flessibilità finanziaria.
SUNation Energy (Nasdaq: SUNE), proveedor de soluciones sostenibles de energía solar, ha cancelado todas las Warrants de Compra de Acciones Comunes Serie A emitidas durante su Oferta Directa Registrada de febrero de 2025. La compañía pagó una tarifa única de cancelación de 267,392 $ a los tenedores de warrants.
Esta medida estratégica evita la posible dilución de 652,174 acciones que podrían haber ingresado al mercado a través de estos warrants, optimizando eficazmente la estructura de capital de la empresa y mejorando la flexibilidad financiera.
SUNation Energy (Nasdaq: SUNE)는 지속 가능한 태양광 에너지 솔루션 제공업체로서 2025년 2월 등록 직접 공모 중 발행된 모든 Series A 보통주 매수 워런트를 해지했습니다. 회사는 워런트 보유자에게 일회성 해지 수수료 267,392달러를 지급했습니다.
이 전략적 조치는 이 워런트를 통해 시장에 나올 수 있었던 652,174주의 주식 희석 가능성을 방지하여 회사의 자본 구조를 효율적으로 간소화하고 재무 유연성을 향상시킵니다.
SUNation Energy (Nasdaq : SUNE), fournisseur de solutions solaires durables, a résilié tous les bons de souscription d'actions ordinaires de la série A en circulation, émis lors de leur offre directe enregistrée de février 2025. La société a versé des frais de résiliation uniques de 267 392 $ aux détenteurs de ces bons.
Cette démarche stratégique évite la dilution potentielle de 652 174 actions qui auraient pu être introduites sur le marché via ces bons, rationalisant ainsi la structure du capital de l'entreprise et renforçant sa flexibilité financière.
SUNation Energy (Nasdaq: SUNE), ein Anbieter nachhaltiger Solarenergielösungen, hat alle ausstehenden Series A Common Stock Purchase Warrants, die während ihres registrierten Direktangebots im Februar 2025 ausgegeben wurden, gekündigt. Das Unternehmen zahlte eine einmalige Kündigungsgebühr von 267.392 $ an die Warranthalter.
Dieser strategische Schritt verhindert die potenzielle Verwässerung von 652.174 Aktien, die durch diese Warrants in den Markt hätten gelangen können, und strafft effektiv die Kapitalstruktur des Unternehmens sowie verbessert die finanzielle Flexibilität.
- Elimination of potential dilution of 652,174 shares
- Streamlined capital structure improving financial flexibility
- Removal of warrant overhang from February 2025 offering
- One-time cash payment of $267,392 required for warrant termination
RONKONKOMA, N.Y., June 27, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has terminated all of the outstanding Series A Common Stock Purchase Warrants (“Series A Warrants”) issued in connection with a previously announced Registered Direct Offering of February 27, 2025. Pursuant to agreements with the holders of the Series A Warrants dated June 26, 2025, the Series A Warrants were terminated in exchange for a one-time termination payment of approximately
“The transaction eliminates the overhang created by the Series A Warrants by ensuring that up to 652,174 shares of stock underlying those warrants will no longer be able to enter the market,” said Scott Maskin, Chief Executive Officer. “In addition to removing a significant source of potential dilution, we have streamlined our capital structure and enhanced our financial flexibility. We appreciate the support of our Series A Warrant holders during this process.”
For additional details related to the termination of the Series A Warrants, please refer to the Company’s Form 8-K filed with the SEC on June 26, 2025.
About SUNation Energy, Inc.
SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.
Forward Looking Statements
Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.
| Contacts: |
| Scott Maskin Chief Executive Officer (631) 350-9340 smaskin@sunation.com SUNation Energy Investor Relations IR@sunation.com |
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