Pineapple Energy Prices $1.0 Million Registered Direct Offering of Common Stock

MINNETONKA, Minn., Feb. 05, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (NASDAQ:PEGY) (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced it has entered into a definitive agreement with investors for the purchase and sale of 2,702,703 shares of the Company’s common stock at a purchase price of $0.37 per share in a registered direct offering. The gross proceeds to Pineapple from the offering are expected to be approximately $1.0 million, before deducting placement agent fees and other offering expenses payable by Pineapple. The offering is expected to close on or about February 7, 2024, subject to customary closing conditions.

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