Form 8-K
8-K — SUNation Energy, Inc.
Accession: 0001213900-26-041721
Filed: 2026-04-09
Period: 2026-04-09
CIK: 0000022701
SIC: 1700 (CONSTRUCTION SPECIAL TRADE CONTRACTORS)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ea0285477-8k_sunation.htm (Primary)
EX-99.1 — PRESS RELEASE, DATED APRIL 9, 2026 (ea028547702_ex99-1.htm)
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8-K — CURRENT REPORT
8-K (Primary)
Filename: ea0285477-8k_sunation.htm · Sequence: 1
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United
States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported):
April 9, 2026
SUNation Energy, Inc.
(Exact name of Registrant as Specified in its Charter)
Delaware
(State Or Other Jurisdiction Of Incorporation)
001-31588
41-0957999
(Commission File Number)
(I.R.S. Employer
Identification No.)
171 Remington Boulevard
Ronkonkoma, NY
11779
(Address of Principal Executive Offices)
(Zip Code)
(631) 750-9454
Registrant’s Telephone Number, Including
Area Code
Securities registered pursuant to Section 12(b) of the Act
Title of Each Class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value, $.05 per share
SUNE
The Nasdaq Stock Market, LLC
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure
On
April 9, 2026 the Company’s Board of Directors announced the initiation of a strategic transaction review process to explore the
diversification of its operations and revenues, and to maximize stockholder value. A copy of the Press Release is filed as Exhibit 99.1
to this current report.
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.
In accordance with General Instruction B.2. of the Current Report on Form 8-K, the information set forth in Item 7.01 of this Current
Report on Form 8-K and in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed”
for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information or
Exhibit be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits:
Exhibit No.
Description
99.1
Press Release, dated April 9, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
SUNATION ENERGY, INC.
By:
/s/ James Brennan
James Brennan
Chief Financial Officer
Date: April 9, 2026
2
EX-99.1 — PRESS RELEASE, DATED APRIL 9, 2026
EX-99.1
Filename: ea028547702_ex99-1.htm · Sequence: 2
Exhibit 99.1
SUNation Energy Announces Review of Strategic Alternatives
to Maximize Shareholder Value
RONKONKOMA, N.Y., April 9, 2026 (GLOBE
NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of residential
and commercial solar energy systems, battery storage solutions, and comprehensive energy services, today announced that its Board of Directors
has authorized the review of a full range of strategic alternatives aimed at increasing shareholder value and best positioning the Company
for long-term success.
The review will consider a broad spectrum
of possible actions, including, but not limited to, a potential sale of the Company, strategic business combinations, acquisitions, divestitures
of assets, further optimization of the corporate structure, or other strategic or financial transactions that could enhance shareholder
value.
The strategic review process is at a preliminary
stage. SUNation has not set a timetable for its completion, and there can be no assurance that the exploration will result in any specific
transaction or outcome. The Company does not intend to provide additional updates regarding this process unless the Board approves a particular
course of action or determines additional disclosure is appropriate.
Advisors
Maxim Group
LLC is serving as SUNation’s M&A and financial advisor. Rimon PC is serving as legal counsel, and Alliance Advisors is providing
investor relations and proxy solicitation services.
As discussed on
SUNation’s earnings call on March 18th, 2026, the company has undergone a comprehensive transformation to
strengthen its financial foundation and position the Company for sustainable growth. Under the direction of its Board of Directors
and current leadership team, management has successfully streamlined operations, reduced expenses, improved the balance sheet, and
modernized the Company’s corporate structure. Key initiatives included the elimination of legacy financing instruments,
repayment of high-cost debt, enhance corporate governance, and targeted workforce and vendor optimization efforts.
“The completion of our transformation
strategy has created a solid foundation for SUNation’s future”, Scott Maskin, Chief Executive Officer of SUNation. “With
a healthier balance sheet, stronger operations, and a renewed strategic focus, we are ready to explore new pathways to drive growth and
deliver enduring value for our shareholders, customers, and employees.”
ABOUT SUNATION ENERGY, INC.
SUNation Energy Inc. (Nasdaq: SUNE) is a leading provider of
sustainable solar energy and backup power solutions to residential, commercial, and municipal customers. The Company designs, installs,
finances, and services solar energy systems and related technologies, helping customers reduce energy costs, increase energy independence,
and transition to cleaner energy solutions.
For more information, visit ir.sunation.com
CONTACTS
Scott Maskin
Chief Executive Officer
SUNation Energy, Inc.
smaskin@sunation.com
James Brennan
Chief Financial Officer
SUNation Energy, Inc.
jbrennan@sunation.com
Justin Rabinowitz
Investment Banking
Maxim Group LLC
jrabinowitz@maximgrp.com
Matthew
Mavrogian
Investment Banking
Maxim Group LLC
mmavrogian@maximgrp.com
SUNation Energy, Inc. Investor Relations
Alliance Advisors IR IR@sunation.com
FORWARD-LOOKING STATEMENTS
Our prospects here at
SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the
foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be
affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which
are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements
contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to
differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements
that include the words “believes”, “expects”, “anticipates”, “intends”,
“estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or
indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such
forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because
of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company
and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s
website at www.sec.gov.
Source: SUNation Energy, Inc.
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