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An announcement from Pineapple Holdings ( (PEGY) ) is now available.
Pineapple Energy Inc. has announced the termination of its corporate office lease, saving approximately $210,000 annually, despite a one-time buyout fee. Additionally, the company has executed a 1-for-50 reverse stock split to meet NASDAQ listing requirements, reducing total shares and adjusting stock options proportionally, while maintaining the trading symbol ‘PEGY’. This move aims to enhance stock market performance and investor appeal.
Find detailed analytics on PEGY stock on TipRanks’ Stock Analysis page.
