Pineapple Energy Announces Restructuring of Existing Series A Convertible Preferred Stock and Related Warrants
Pineapple Energy Inc. (PEGY)
Company Research
Source: GlobeNewswire
MINNETONKA, Minn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Nasdaq: PEGY) (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and back-up power to households and small businesses, announced today that they have entered into Securities Exchange Agreements (the “Exchange Agreements”) with the holders of the Company’s Series A convertible preferred stock (the “Series A Preferred Stock”) and related warrants (the “Warrants”) pursuant to which the holders have agreed to exchange the Series A Preferred Stock and Warrants for shares of the Company’s Series C convertible preferred stock (the “Series C Preferred Stock”). Immediately prior to the execution of the Exchange Agreements, the Company entered into an Amended and Restated Convertible Secured Note with the lender party to the Company’s Secured Credit Note, dated July 22, 2024 (the “Amended Note”), providing for an additional principal advance of $120,000 which amount is convertible int
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PEGY
Earnings
- 5/9/24 - Miss
PEGY
Sec Filings
- 9/9/24 - Form 8-K
- 9/4/24 - Form 8-K
- 8/23/24 - Form 8-K
- PEGY's page on the SEC website