SUNation Energy ( (SUNE) ) has shared an update.
SUNation Energy secured a $1 million bridge loan from Conduit Capital U.S. Holdings LLC on July 22, 2024, with a 20% original issue discount and interest rate, secured by the company’s assets. The company also entered into an ATM Offering Agreement with Roth Capital Partners, authorizing the sale of up to $10 million in common stock, raising over $2.8 million by November 2024. Additionally, SUNation resolved a contractual dispute related to Series A Warrants by issuing shares to settle potential claims, preserving cash for operations. Legal proceedings include a landlord dispute over insurance obligations and a potential claim regarding defective third-party equipment, both of which SUNation intends to defend vigorously.
More about SUNation Energy
YTD Price Performance: -54.18%
Average Trading Volume: 97,523
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.22M
For a thorough assessment of SUNE stock, go to TipRanks’ Stock Analysis page.