8-KThe WireStrategic
Material Agreement
Filed Oct 21, 2024 · 1y ago · Accession 0000897101-24-000543
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗Securities and Exchange Commission (File No. 333-267066, the “Registration Statement”),
and a related prospectus, as supplemented by a prospectus supplement related to the Company’s “at the market offering”.
Concurrently herewith, we are filing a prospectus supplement (the “Prospectus Supplement”), dated October 21, 2024, with the
U.S. Securities and Exchange Commission in connection with the offer and sale of the Shares. We are not obligated to make any sales of
Shares under the Sales Agreement and no assurance can be given that we will sell any Shares under the Sales Agreement, or, if we do, as
to the price or amount of Shares that we will sell, or the dates on which any such sales will take place.
The
Company or the Sales Agent, under certain circumstances and upon notice to the other, may suspend the offering of the Shares under the
Sales Agreement. The offering of the Shares pursuant to the Sales Agreement will terminate upon the sale of Shares in an aggregate offering
amount equal to $10,000,000, or sooner if either the Company or the Sales Agents terminate the Sales Agreement.
The
Company will pay the Sales Agent a cash commission in an amount up to 3.0% of the gross proceeds from each sale of Shares sold pursuant
to the Sales Agreement, and will reimburse the Sales Agent for the documented fees and costs of its legal counsel reasonably incurred
in connection with entering into the transactions contemplated by the Sales Agreement in an amount not to exceed $50,000 in the aggregate.
The
Company made certain customary representations, warranties and covenants in the Sales Agreement concerning the Company and its subsidiaries
and the Registration Statement, prospectus, Prospectus Supplement and other documents and filings relating to the offering of the Shares.
In addition, the Company has agreed to indemnify the Sales Agent against certain liabilities, including liabilities under the Securities
Act.
The
foregoing description of the Sales Agreement is qualified in its entirety by reference to the Sales Agreement, a copy of which is filed
as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The
Shares to be sold under the Sales Agreement, if any, will be issued and sold pursuant to the Company’s Registration Statement, and
its Prospectus Supplement related thereto.
This
Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any Shares nor shall there be
any sale of Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or other jurisdiction.
The
legal opinion of Rimon P.C. relating to the legality of the issuance and sale of the Shares is attached as Exhibit 5.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
This
Current Report on Form 8-K, including the exhibits filed herewith, shall not constitute an offer to sell or the solicitation of an offer
to buy the securities discussed herein, nor shall there be any offer, solicitation or sale of the securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
Exhibit
Number
Description
5.1
Legal
Opinion of Rimon P.C..
10.1
At
The Market Offering Agreement dated as of October 21, 2024, between Pineapple Energy Inc. and Roth Capital Partners, LLC
10.4
Cover
Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
23.1
Consent of Rimon P.C. (included in Exhibit 5.1)
SIGNATUREs
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PINEAPPLE
ENERGY INC.
By:
/s/
James Brennan
James
Brennan
Chief
Operating Officer
Date:
October 21, 2024
Filing details
- Company
- SUNation Energy, Inc.
- Ticker
- SUNE
- CIK
- 22701
- Form type
- 8-K
- Filing date
- Oct 21, 2024
- Report date
- Oct 21, 2024
- Document
- pegy241099_8k.htm
- Size
- 513 KB