MINNETONKA, Minn., April 08, 2024 — Pineapple Energy Inc. , a leading provider of sustainable solar energy and back-up power to households and small businesses encourages its shareholders to participate actively in the upcoming meeting of shareholders scheduled on April 12, 2024.
Pineapple’s management team is committed to growing leading local and regional solar, storage, and energy services companies nationwide. The Board believes that the reverse stock split and increase in authorized shares is instrumental for several reasons, including: Failure to increase the company’s authorized shares will result in the Company being unable to meet its conversion obligations and will limit the Company’s ability to conduct successful fundraising. The inability to conduct successful fundraising raises substantial doubt about the Company’s ability to continue as a going concern.
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