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SUNation Energy Announces Final Distribution to Holders of Contingent Value Rights
RONKONKOMA, N.Y., Dec. 04, 2025 (GLOBE NEWSWIRE) -- SUNation Energy Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today announced that it will make a final cash distribution to holders of non-transferable Contingent Value Rights (“CVRs”) of $0.12 per CVR. The result of this final payment is that there will remain no future payments due or owing by th
About this update from Sunation Energy, Inc.
[{"type":"image","alt":"SUNation Energy, Inc.","displaySize":"","headline":null,"caption":"SUNation Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/fb4e7075fe21b2e31d66d63b797b6218"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kWIEtIsxzNz5ic4nxbXfrA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fb4e7075fe21b2e31d66d63b797b6218","width":300,"height":300}},"lazy":false},{"type":"text","content":"RONKONKOMA, N.Y., Dec. 04, 2025 (GLOBE NEWSWIRE) -- SUNation Energy Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today announced that it will make a final cash distribution to holders of non-transferable Contingent Value Rights (“CVRs”) of $0.12 per CVR. The result of this final payment is that there will remain no future payments due or owing by the Company. As previously disclosed, the CVRs were issued in connection with the 2022 merger of Communications Systems and Pineapple Energy to launch the solar energy and backup power business, which now is named SUNation Energy, Inc. ","length":734,"tagName":"p"},{"type":"text","content":"“This final distribution will result in the full satisfaction of SUNation’s payment obligations related to the CVRs, eliminate the associated contingent liability and related cash on our balance sheet, and further simplifies our capital structure,” said Scott Maskin, SUNation’s Chief Executive Officer “By honoring our obligations associated with the CVR and making this final payment, we’re doing exactly what we said we would do - turning promises made into promises kept for our shareholders. This theme has served as the foundation of our collective efforts over the last two years. In that time, we have strengthened our operations, reduced costs, eliminated significant debt, and enhanced efficiencies while delivering the highest level of customer service.”","length":765,"tagName":"p"},{"type":"text","content":"The total final payment to all holders of $276,000.48, or $0.12 per CVR, is expected to commence on or about December 5, 2025. Following the payment to all holders of CVRs of their respective distribution amounts, the Conting...