SUNE

#4684
SUNation Energy, Inc. - Common Stock
2.1 7 USD
0.00%
Market Price
Sektor: Technologie
Basis: USD
Gewinnwährung: USD
Tagesspanne
2.17
2.23
Jahresspanne
1.10
9.45
Tagesänderung
+0.46%
Monatliche Änderung
+1.40%
6 month change
+65.65%
Jahresänderung
+31.52%
Vorheriger Schlusskurs
2.1 6
Open
2.1 8
Tief
2.1 7
Hoch
2.2 3
Volumen
8
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Financials

Übersicht Finanzbericht Statistik Documents

2026

Current report, Q3 FY2026
Sunation Energy, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Sunation Energy, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Sunation Energy, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Sunation Energy, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Sunation Energy, Inc. current report, Q1 FY2026
8-K

Sunation Energy, Inc. current report, Q1 FY2022

Full document

Business Context and Reporting Period

This Form 8-K Current Report was filed by Communications Systems, Inc. (trading symbol: JCS) on February 15, 2022. The filing addresses a material event regarding the sale of the Company's headquarters building located at 10900 Red Circle Drive, Minnetonka, Minnesota. Note: The request metadata lists "Sunation Energy, Inc.", but the filing text explicitly identifies the registrant as Communications Systems, Inc.

Key Financial Metrics

This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity ratios. The only specific financial figure disclosed is the agreed sale price for the Company's headquarters building:

  • Property Sale Price: $6.8 million

Material Changes and Transaction Details

On February 15, 2022, the Company entered into a First Amendment to a Purchase Agreement originally dated November 14, 2021 (noted as November 18, 2021 in the exhibit description), with Buhl Investors LLC. Key changes include:

  • Extended Contingency Termination Date: Moved from February 16, 2022, to April 11, 2022.
  • Extended Closing Date: Moved to on or before April 26, 2022.
  • Transaction Status: The sale remains subject to closing conditions.

Outlook, Risks, and Contingencies

The closing of the headquarters sale is contingent upon several conditions that must be met by the new deadlines:

  • Due Diligence: The Buyer must complete due diligence by the Contingency Termination Date.
  • Regulatory Approval: The Buyer must obtain regulatory approval to use the property as a multi-tenant office building.
  • Lease Agreement: The Company and Buyer must negotiate and enter into a lease agreement where CSI or an affiliate leases a portion of the space.

The filing states that the description of the Amendment is not complete and refers investors to the full text of the Amendment filed as Exhibit 10.1.

Investor Verification Checklist

  • Verify the full text of the First Amendment to Purchase Agreement (Exhibit 10.1) for specific terms not summarized in the 8-K.
  • Monitor the April 11, 2022, Contingency Termination Date to determine if the Buyer completes due diligence.
  • Confirm whether the Buyer secures regulatory approval for the multi-tenant office building conversion.
  • Track the negotiation status of the leaseback agreement for the Company's continued occupancy.
  • Clarify the discrepancy between the request metadata (Sunation Energy, Inc.) and the filing registrant (Communications Systems, Inc.).