Pineapple Energy Retains Shareholder Intelligence Services, LLC to Investigate Potential Purposeful Shorting
June 10 2024 - 2:30PM
Pineapple Energy Inc. (“Pineapple”), a leading provider of
sustainable solar energy and backup power to households and small
businesses, is announcing that is investigating potential
purposeful short selling of its stock, and has retained well-known
analytics firm, Shareholder Intelligence Services, LLC
("ShareIntel").
ShareIntel's investigation will provide relevant shareholder
data, including that related to share ownership, purchases, sales
and custody by individuals, institutions, broker-dealers, clearing
agents and custodians.
In addition, other information related to the Company's public
shareholders and market activity with respect to sales of
Pineapple’s publicly traded common stock will also be provided,
helping Pineapple’s executive leadership ensure that the company’s
trading activity achieves the necessary benchmarks for SEC and
FINRA market compliance.
According to ShareIntel, they leverage patented processes and
proprietary analytics to support identification of reporting
anomalies among market makers, banks, broker-dealers and clearing
firms. The ShareIntel DRIL-Down™ platform identifies markers of
potential illegal naked short selling. Armed with actionable
intelligence, ShareIntel assists public companies in their effort
to help enable true price discovery.
“Every shareholder should receive the maximum benefit of their
ownership stake in Pineapple Energy,” interim CEO Scott Maskin
said. “With ShareIntel, we will have the necessary tools to analyze
trading patterns and trends and mitigate illegal trading activity
related to PEGY shares.”
About Pineapple Energy
Pineapple is focused on growing leading local and regional
solar, storage, and energy services companies nationwide. Our
vision is to power the energy transition through grass-roots growth
of solar electricity paired with battery storage. Our portfolio of
brands (SUNation Energy, Hawaii Energy Connection, E-Gear,
Sungevity, and Horizon Solar Power) provide those within the
Residential and Commercial sectors an end-to-end product offering
spanning solar, battery storage, and grid services.
About ShareIntel - Shareholder Intelligence Services,
LLC
ShareIntel is a patented compliance driven SAAS retained by
public companies to track shareholder ownership and monitor
broker-dealer and shareholder movement. DRIL-Down™ identifies
participants to potential abusive and illegal short selling
providing actionable intelligence. For more information, visit
www.shareintel.com
Contacts: |
Scott MaskinInterim Chief
Executive Officer+1 (631) 823-7131smaskin@sunation.comPineapple
Investor Relations+1 (952) 996-1674IR@pineappleenergy.com |
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