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SUNation Energy ( (SUNE) ) just unveiled an announcement.
SUNation Energy, formerly Communication Systems Inc. (CSI), has extended the term of its Contingent Value Rights (CVR) Agreement related to its merger with Pineapple Energy, LLC. Originally set to expire on March 31, 2024, the CVR Agreement has been extended to December 31, 2025, to accommodate the resolution of pending claims and expenses related to CSI’s pre-merger operations. Additionally, the company has dissolved its inactive subsidiaries, JDL Technologies, Inc. and Ecessa Corporation, to achieve cost savings.
More about SUNation Energy
YTD Price Performance: 2.79%
Average Trading Volume: 854,698
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $4.68M
For an in-depth examination of SUNE stock, go to TipRanks’ Stock Analysis page.
