Suniva to acquire SUNation Energy in definitive reverse merger

SUNation Energy (NASDAQ:SUNE) and Suniva announced on June 8, 2026, the signing of a definitive reverse merger agreement.

This transaction is designed to create a comprehensive, Nasdaq-listed U.S. platform for solar manufacturing and services.

Upon the closing of the merger, which is targeted for the second half of 2026, the combined entity will operate under the "Suniva" name while maintaining SUNation’s listing on the Nasdaq Capital Market.

The agreement structures the transaction as a tax-free reorganization, with Suniva becoming a wholly owned subsidiary of SUNation.

Under the terms of the exchange ratio, pre-merger Suniva stockholders are expected to own approximately 98.2% of the combined company, while pre-merger SUNation stockholders will hold approximately 1.8%.

The transaction values the equity held by pre-merger SUNation shareholders at an implied price of approximately $2.26 per share, representing a premium of about 100% over SUNE's most recent closing price.