SUNation Energy shares surge 28.93% premarket after eliminating $1.1M legacy debt with $800K settlement, boosting cash flow and balance sheet.

SUNation Energy surged 28.93% in premarket trading following the announcement that it eliminated $1.1 million in remaining legacy debt via a one-time $800,000 settlement. The debt, tied to a 2021 buyout of a former subsidiary shareholder, had required $25,000 monthly payments until 2031. The settlement reduced principal by $335,000 and cut monthly obligations to $5,000, freeing $20,000 in cash flow monthly. Management highlighted improved financial flexibility and alignment with strategic priorities, framing the move as part of broader balance-sheet improvements, including prior actions like a 2025 warrant termination and a 2025 cash distribution. The news, reported across multiple outlets, directly addressed long-standing liabilities, enhancing investor confidence in the company’s liquidity and operational focus.