SUNE · SUNation Energy Inc.

On April 9, 2026, SUNation Energy announced that its Board of Directors has authorized a comprehensive review of strategic alternatives aimed at maximizing shareholder value. The review will explore a broad spectrum of potential actions, explicitly including a potential sale of the Company, strategic business combinations, acquisitions, and asset divestitures. The Company stated that the process is currently at a preliminary stage and no timetable has been established for its completion. Management cautioned that there can be no assurance that the exploration will result in any specific transaction. The Company does not intend to provide further updates unless the Board approves a specific course of action. To facilitate the process, SUNation has engaged Maxim Group LLC as its M&A and financial advisor, Rimon PC as legal counsel, and Alliance Advisors for investor relations. This strategic review follows a comprehensive transformation strategy discussed on the March 18, 2026 earnings call, during which the Company streamlined operations, reduced expenses, and improved its balance sheet.