SUNation Energy shares surge 26.33% premarket after one-time $800,000 debt settlement cuts monthly obligations to $5,000.

SUNation Energy Inc. surged 26.33% in premarket trading following the announcement of a debt settlement agreement to eliminate a $1.1 million long-term promissory note with a former shareholder. The company paid a one-time $800,000 lump sum, reducing monthly obligations from $25,000 to $5,000 and improving liquidity. This debt reduction, funded via its $1 million secured credit facility, strengthens the balance sheet and aligns with broader efforts to enhance financial flexibility. The move, detailed in a Feb. 4 SEC filing, directly addresses legacy liabilities, bolstering investor confidence in the firm’s capital structure and operational focus.