Pineapple Energy executes 1-for-50 reverse stock split on Oct 17, 2024, to meet Nasdaq requirements.

Pineapple Energy (NASDAQ: PEGY) will execute a 1-for-50 reverse stock split on October 17, 2024, to comply with Nasdaq listing requirements. This decision follows a Q2 loss of $1.11 per share, an improvement over expectations. The reverse split aims to increase the stock price and maintain its Nasdaq listing. Shareholders will see share counts adjusted after market close on October 16, with no action needed for electronic shareholders.