Pineapple Holdings (PEGY) has released an update.
Pineapple Energy Inc. has announced a significant update on its stock situation following a registered direct offering and conversions of its preferred stock. As of February 9, 2024, the company has over 23 million common shares and a notable quantity of Series A Preferred Stock outstanding. Adjustments have been made to the conversion and exercise prices of the preferred stock and warrants, respectively, due to the offering. A special stockholders’ meeting has been scheduled, with the record date set for February 13, 2024, to discuss these updates and their implications for shareholders.
For further insights into PEGY stock, check out TipRanks’ Stock Analysis page.
