Pineapple Energy Closes Debt Financing with Decathlon Capital Partners - Seite 2

Pineapple Chief Executive Officer Kyle Udseth added, “This is a huge milestone for Pineapple, and I want to say ‘thank you’ to our new financing partners at Decathlon and to our employees for all their hard work in getting this across the finish line. With this debt funding round, we can move the company forward without taking equity dilution, which has been a primary focus of ours with residential solar valuations so irrationally low. We’ll keep our eye on the ball of helping homeowners go solar, driving top-line revenue growth and bottom-line profitability, and we’re confident that high-quality and sustainable companies that strive to deliver a great customer experience will be rewarded over time. We believe this funding round validates our strategy and our leadership team’s ability to execute, and we appreciate the confidence that Decathlon has shown in us here.”

About Pineapple Energy

Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power) provide homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth or growth opportunities, future opportunities, future flexibility to pursue acquisitions, future cash flows, and the expected financial impact of, and results following, the SUNation acquisition. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties, including those set forth in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this press release. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Contacts:

Pineapple Energy
Kyle Udseth
Chief Executive Officer
[phone]
[e-mail]

Eric Ingvaldson
Chief Financial Officer
[phone]
[e-mail]