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SUNation Energy ( (SUNE) ) has issued an announcement.
SUNation Energy, Inc. has successfully repaid and terminated several loan agreements, including those with Decathlon Specialty Finance, LLC, Hercules Capital, Inc., Conduit Capital U.S. Holdings LLC, and MBB Energy, LLC, using proceeds from a recent $15 million equity financing. This strategic move, completed by March 3, 2025, eliminates all monthly payment obligations and restrictive covenants, resulting in significant cash savings and increased operational flexibility for potential acquisitions and future financing options.
More about SUNation Energy
YTD Price Performance: -87.29%
Average Trading Volume: 11,038,941
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.27M
See more data about SUNE stock on TipRanks’ Stock Analysis page.