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GlobeNewsWire
1 month ago
SUNation Energy Announces Reduction in Long-Term Debt by Approximately $1.2 Million
Transaction intended to lower leverage and reduce future cash obligations and better align its capital structure Expected to retire approximately $1.2 million of long-term debt RONKONKOMA, N.Y., April 15, 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 approved, subject to final documentation and customary closing conditions, a partial conversion of certain outstanding long-term debt into shares of restricted common stock as the next step in the Company's deliberate transformation designed to simplify its balance sheet and reduce legacy debt obligations, while also better aligning its capital structure with existing shareholders.