MINNETONKA, Minn., July 8, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (NASDAQ: PEGY) (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and backup power to homes and small businesses, encourages shareholders who have not yet tendered their shares to do so before July 8. July 19th2024.
Pineapple’s annual shareholder vote, which took place virtually on July 1st2024, had resulted in 49,447,703 shares, or a 45.6% vote. Pursuant to Pineapple’s bylaws, 50.001% of all outstanding shares of the Company are required to satisfy the Company’s quorum requirements.
The meeting was adjourned and postponed until the next day. 11:00 a.m. ET on July 19th2024.
Interim CEO Scott Maskin noted that there has been an overwhelmingly positive response to all aspects of the annual proxy vote so far.
“I want to thank every shareholder who submitted their shares. All agenda items are enthusiastically approved by large majorities,” Maskin said, adding that the voting process itself can be complex. “Shareholder voting is confusing and many brokerages refuse to vote on behalf of their shareholders. We are confident that through the hard work of our leadership and proxy voting team, we will meet the quorum requirements.”
“I would like to ask each of you who owns or owned shares on the May 23rd date,rd2024 to contact our proxy attorney Morrow Sodali at 1-877-787-9239 or send me an email to [email protected] to help you,” Maskin added.
“This is true even if you have sold your shares. If you reach a quorum and ensure a positive outcome of this proxy vote, your leadership team will be equipped with the necessary resources to begin restoring shareholder capital. Every vote counts and every share counts.”
About Pineapple Energy
Pineapple is focused on growing leading local and regional solar, storage and energy services companies across the country. Our vision is to drive the energy transition by promoting solar combined with battery storage. Our portfolio of brands (SUNation Energy, Hawaii Energy Connection, E-Gear) provides residential and commercial customers with an end-to-end product offering that includes solar, battery storage and grid services.
About SUNation Energy
SUNation Energy, a Pineapple Energy company, is the solar and energy expert trusted by over 9,000 homeowners, businesses and communities since 2003 for professional installation of the highest quality equipment with an exceptional customer experience. With offices in Ronkonkoma, NY and Tampa, FL, SUNation Energy offers the complete in-home sustainable energy experience including residential and commercial solar, community solar, roofing, backup battery storage, electric vehicle charging and more. Their nonprofit, SUNation Cares, also gives the gift of free electricity for life to veterans and their families. SUNation was recently awarded NYSERDA Quality Solar Installer Platinum Status in 2024, one of five solar companies in New York to achieve Platinum status and the only one on Long Island.
Contacts:
Scott Maskin
Interim Managing Director
+1 (631) 823-7131
[email protected]
Pineapple Investor Relations
+1 (952) 996-1674
[email protected]
