SUNation Energy and Suniva Enter Definitive Merger Agreement, Creating a Platform for American Solar Manufacturing and Services Leadership

SUNation Energy (NASDAQ: SUNE) and Suniva have signed a definitive merger agreement to create a combined company operating under the Suniva name on Nasdaq. The merger combines Suniva's U.S.-based solar cell manufacturing capabilities (1 GW operating, 4.5 GW expansion planned in South Carolina) with SUNation's residential and commercial solar installation and service businesses. Pre-merger SUNation stockholders will own approximately 1.8% of the combined company with an implied value of $2.26 per share, representing a 100% premium over SUNE's recent closing price. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.