Communications Systems, Inc. Merges with Pineapple Energy LLC to Form Pineapple Holdings, Inc.
March 28, 2022
Communications Systems, Inc. (CSI) entered into and then completed a merger with Pineapple Energy LLC (Pineapple), with CSI renamed “Pineapple Holdings, Inc.” and trading under the Nasdaq ticker “PEGY.” The transaction positions the combined company for residential solar, battery storage, and energy management growth and is structured to deliver value to CSI shareholders through dividends and contingent value rights (CVRs) tied to proceeds from CSI’s legacy assets.
- Buyers
- Pineapple Energy LLC
- Targets
- Communications Systems, Inc.
- Industry
- Energy
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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