SUNation Energy, Inc. (SUNE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 37972.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.1M
Potential Supply
0
Additional shares possible
Splits
3 Splits 3 Reverse
Past 2 years

Summary

SUNE currently has 4.12M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 37972.94% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 3 stock splits (positive for accessibility) and 3 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 4.1M shares outstanding

4.1M 0
Nov 07, 2025

10-Q filing | 3.4M shares outstanding

3.4M 0
Aug 15, 2025

10-Q filing | 3.4M shares outstanding

3.4M 0
May 15, 2025

10-Q filing | 3.4M shares outstanding

3.4M 0
Apr 22, 2025

S-3 filing: SUNation Energy, Inc. files an S-3 to offer and sell up to $100,000,000 in the aggregate of preferred stock, common stock, debt securities, stock purchase contracts, warrants, rights and units, in any combination.

3.4M 0
Apr 21, 2025
Stock Split

8-K filing: Stock split 1-for-200 | Outstanding: 672,799,910 → 3,363,999

3.4M 0
Apr 15, 2025

10-K filing | 672.8M shares outstanding

670M 0
Feb 27, 2025

8-K filing: SUNation Energy, Inc. entered into a securities purchase agreement for a registered direct offering of common stock and warrants with institutional investors, expecting to receive gross proceeds of approximately $20 million across two closings.

1.8M 0
Nov 14, 2024

10-Q filing | 1.8M shares outstanding

1.8M 0
Oct 17, 2024
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 8,723,625 → 174,472

170K 0
Sep 09, 2024

8-K filing: Pineapple Energy Inc. entered into a Securities Exchange Agreement to cancel and retire Series A Preferred Stock and Warrants in exchange for Series C Convertible Preferred Stock, convertible at $0.45 for up to 62,313,111 shares of Common Stock.

8.7M 0
Aug 19, 2024

10-Q filing | 8.7M shares outstanding

8.7M 0
Jun 12, 2024
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 95,943,576 → 6,396,238

6.4M 0
May 10, 2024

10-Q filing | 95.9M shares outstanding

96M 0
Apr 01, 2024

10-K filing | 64.1M shares outstanding

64M 0
Feb 13, 2024

8-K filing: Pineapple Energy Inc. reports 43,059,163 shares of common stock outstanding as of February 12, 2024, following a registered direct offering and the conversion of Series A Preferred Stock.

43M 0
Feb 12, 2024

8-K filing: Pineapple Energy Inc. reports 23,245,953 shares of common stock outstanding as of February 9, 2024, following a registered direct offering and conversion of Series A Preferred Stock.

23M 0
Feb 05, 2024

8-K filing: Pineapple Energy Inc. entered into a Securities Purchase Agreement for the sale of 2,702,703 shares of common stock at $0.37 per share in a registered direct offering, with gross proceeds of $1.0 million. ($1.0M proceeds)

10M 5.6M
Nov 13, 2023

10-Q filing | 10.1M shares outstanding

10M 5.6M
Aug 14, 2023

10-Q filing | 9.9M shares outstanding

9.9M 5.7M
May 12, 2023

10-Q filing | 9.9M shares outstanding

9.9M 5.7M
Apr 14, 2023

10-K filing | 9.9M shares outstanding

9.9M 5.7M
Nov 14, 2022

10-Q filing | 9.4M shares outstanding

9.4M 6.2M
Nov 10, 2022

8-K filing: Pineapple Energy Inc. acquired SUNation Solar Systems, Inc. and affiliated entities, issuing 1,480,000 shares of common stock and James Brennan purchased one share of the Company's common stock for $4.00 per share. ($0.0M proceeds)

7.4M 8.2M
Aug 25, 2022

S-3 filing: Pineapple Energy Inc. is filing an S-3 to offer preferred stock, common stock, debt securities, stock purchase contracts, warrants, rights and units, in any combination up to $100,000,000 in the aggregate. In addition, the selling stockholders may offer and sell, from time to time, up to an aggregate of 9,411,744 shares of common stock under this prospectus.

7.4M 8.2M
Aug 22, 2022

10-Q filing | 7.4M shares outstanding

7.4M 0
May 23, 2022

10-Q filing | 7.4M shares outstanding

7.4M 0
Mar 29, 2022
Stock Split

8-K filing: Pineapple Holdings, Inc. completed a private placement (PIPE Offering) on March 28, 2022, and filed amended and restated articles of incorporation, including increasing the authorized shares of common stock to 37.5 million after giving effect to the 1-for-4 reverse stock split on March 18, 2022.

38M 0
Mar 21, 2022

S-3/A filing: This S-3/A filing relates to the resale of common stock by selling shareholders, including shares issuable upon conversion of preferred stock and exercise of warrants.

2.4M 15M
Mar 16, 2022

S-3/A filing: This prospectus relates to the resale of up to an aggregate of 42,457,058 shares of common stock by the selling shareholders.

9.7M 61M
Mar 14, 2022

10-K filing | 9.7M shares outstanding

9.7M 0
Nov 15, 2021

10-Q filing | 9.7M shares outstanding

9.7M 0
Aug 16, 2021

10-Q filing | 9.5M shares outstanding

9.5M 0
May 07, 2021

10-Q filing | 9.3M shares outstanding

9.3M 0
Mar 31, 2021

10-K filing | 9.3M shares outstanding

9.3M 0
Mar 03, 2021

8-K filing: Communications Systems, Inc. entered into an agreement to merge with Pineapple Energy LLC, issuing 15.6 million shares of CSI's common stock as base consideration, subject to adjustments for outstanding convertible notes and indebtedness, with potential for additional shares based on earnout milestones.

9.3M 0
Nov 12, 2020

10-Q filing | 9.3M shares outstanding

9.3M 0
Aug 14, 2020

10-Q filing | 9.2M shares outstanding

9.2M 0
May 15, 2020

10-Q filing | 9.2M shares outstanding

9.2M 0
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