Pineapple Energy Regains Compliance With NASDAQ Bid Price Listing Rule
18 Luglio 2024 - 10:05PM
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, has regained
compliance with NASDAQ’s bid price requirement.
Pineapple’s compliance relates to Listing Rule 5550(a)(2), also
known commonly as the “Bid Price Rule,” which calls for companies
to have their stock price consistently above $1.00 US.
“Ensuring compliance with bid pricing has been a cornerstone
priority of Pineapple’s management team,” Scott Maskin, interim CEO
of Pineapple Energy, said. “This latest development once again
demonstrates how hard we’ve been working to deliver the value that
we know our company represents.”
In recent months, the Company’s management team, led by Maskin,
has made it a priority to be transparent and openly communicative
about enacting strategies that in their belief will serve to
restore Pineapple’s shareholder equity.
About Pineapple Energy
Pineapple is focused on growing leading local and regional
solar, storage, and energy services companies nationwide. Our
vision is to power the energy transition through grass-roots growth
of solar electricity paired with battery storage. Our portfolio of
brands (SUNation Energy, Hawaii Energy Connection, E-Gear) provide
those within the Residential and Commercial sectors an end-to-end
product offering spanning solar, battery storage, and grid
services.
Forward Looking StatementsThis press
release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding future financial performance, future
growth, and future opportunities, including the prospect of future
capital-raising activities. These statements are based on
Pineapple’s current expectations or beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements here
due to changes in economic, business, competitive or regulatory
factors, and other risks and uncertainties, set forth in
Pineapple’s filings with the Securities and Exchange Commission.
The forward-looking statements in this press release speak only as
of the date of this press release. Pineapple does not undertake any
obligation to update or revise these forward-looking statements for
any reason, except as required by law.
Contacts:Scott MaskinInterim Chief Executive
Officer+1 (631) 823-7131scott.maskin@pineappleenergy.com
Pineapple Investor Relations+1 (952)
996-1674IR@pineappleenergy.com
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