SUNation Energy announces $1M line of credit

SUNation Energy (SUNE) has entered into a new $1.0 million line of credit agreement with MBB Energy. As previously disclosed in SEC filings, MBB Energy is an affiliate and related party of the Company by virtue of MBB being an entity controlled by Scott Maskin. The revolving line of credit agreement is annexed as an exhibit to our current report on Form 8-K, filed with the SEC on April 17, 2025. The line of credit, if utilized, will be used primarily for working capital and corporate purposes. The Company may request one or more loans of up to an aggregate principle amount $1.0 million under this line of credit for a period of one year from the date or entry. Any loans drawn by the Company under this line of credit facility will carry interest on an annualized basis of 8%. With this line of credit established, the Company intends to seek a new commercial banking relationship that will include a larger commercial line of credit facility.