On May 16, 2024, Pineapple Energy Inc. filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, requesting to cease granting cash bonuses and securities including Restricted Stock Units (RSU) to its officers until all of the following events have occurred: (1) the Corporation complies with the minimum closing bid price requirement for listing on The Nasdaq Capital Market (Nasdaq) under Nasdaq Marketplace Rule 5550(a)(2) (the Minimum Bid Price Rule), (2) the auditors issue financial statements for the Corporation that do not set forth substantial doubt about the Corporation?s ability to continue as a going concern, and (3) the Corporation complies with the internal controls requirements of the Sarbanes- Oxley Act, submitted by James R. Brennan at the Company?s annual shareholders meeting scheduled to be held on July 1, 2024.