SUNation Energy, Inc. 8-K

What Happened
SUNation Energy, Inc. announced on April 8, 2026 that it entered into a Sales Agreement with Maxim Group, LLC to act as sales agent for an at-the-market (ATM) offering of its common stock. Under the agreement, SUNation may sell, at its discretion, up to $3,599,586 of shares pursuant to its Form S-3 shelf registration (effective April 29, 2025). The company is not obligated to sell any shares and may suspend offerings; any sales would be made through "at the market offerings" under Rule 415.

Key Details

• Sales Agreement dated April 8, 2026 with Maxim Group, LLC as sales agent.
• Aggregate offering size authorized up to $3,599,586 (subject to Form S-3 instruction I.B.6 adjustments).
• SUNation will pay the sales agent up to a 3.0% cash commission on gross proceeds and reimburse documented legal fees up to $50,000.
• Sales will be made under the Company’s shelf registration statement on Form S-3; no assurance any shares will be sold and timing/pricing are at the company’s discretion.

Why It Matters
This ATM facility gives SUNation a flexible mechanism to raise capital quickly by selling shares into the market over time without a formal follow-on offering. If used, it would dilute existing shareholders proportionally to amounts sold and generate proceeds net of commission and fees. The filing does not specify use of proceeds, and there is no obligation or guarantee that SUNation will sell any shares under the agreement.