Pineapple Energy Inc. Survives Nasdaq Listing Challenge
- Pineapple Energy Inc. has regained compliance with Nasdaq's minimum share price requirements.
- Scott Maskin highlighted the support from shareholders and the company's commitment to future growth.
- This development is seen as a significant milestone in the company's efforts to position itself for long-term success.
On November 12, 2024, Pineapple Energy Inc. announced that it has successfully regained compliance with the Nasdaq Capital Market's listing standards regarding minimum share price. The company's actions were in response to previous compliance issues that had threatened its listing on the exchange. Interim Chief Executive Officer Scott Maskin expressed gratitude for the support of shareholders, partners, and employees throughout this challenging process. Pineapple Energy, based in Ronkonkoma, New York, focuses on providing sustainable solar energy solutions to a variety of customers, including households and businesses. The company is committed to long-term growth and enhancing shareholder value through strategic operations in the renewable energy sector.