SUNation Energy announces final 12c distribution to CVR holders

SUNation Energy (SUNE) announced it will make a final cash distribution to holders of non-transferable contingent value rights, or CVR, of 12c per CVR. The result of this final payment is that there will remain no future payments due. The CVRs were issued in connection with the 2022 merger of Communications Systems and Pineapple Energy. The total final payment is expected to be approximately $276K and is expected to commence on or about December 5. CEO Scott Maskin stated the payment “further simplifies our capital structure.”