Company: SUNE
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001213900-25-054494
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Company: SUNation Energy, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 3.01
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously reported,
on April 11, 2025 and May 13, 2025, SUNation Energy, Inc. (the “ Company”) had received respective Nasdaq non-compliance letters
regarding: (i) a Minimum Bid Price Deficiency notice from the Listing Qualifications Department (the “ Staff”) of The Nasdaq
Stock Market notifying the Company that, for the 30 consecutive business day period immediately preceding April 11, 2025 deficiency letter,
the Company’s common stock had not maintained a minimum closing bid price of $1.00 per share (the “ Minimum Bid Price Requirement”)
and, as a result, did not comply with Listing Rule 5550(a)(2); and (ii) the Staff’s additional delisting notice pursuant to its
discretionary authority under Listing Rule 5101 based on public interest concerns related to the Company’s securities offering announced
on February 27, 2025.

Following receipt of
the April 2025 deficiency notice, the Company timely requested a hearing before the Nasdaq Hearing Panel. The hearing request automatically
stayed any suspension or delisting action pending the outcome of the hearing. The Company appeared before the Nasdaq Hearing Panl on May
27, 2025 to address the above-noted compliance matters. As of the hearing date, the Company had been in Compliance with the Minimum Bid
Price for not less than twenty-five (25) consecutive trading days, and has since maintained Minimum Bid Price compliance to date.

On June 10, 2025, the
Company received the Nasdaq Hearing Panel’s decision in which it notified the Company that it did not find the Company to be in
violation of Listing Rules 5100 and 5550(a)(2), the “ Public Interest Concern” and “ Bid Price Rule”, respectively.
Accordingly, the June 10, 2025 letter further provided that the Company is deemed to be in full compliance with the applicable Nasdaq
Listing Rules, and that the above-referenced matter was closed.

Item
7.01 Regulation FD Disclosure