JCS - Communications Systems' shareholders approve Pineapple Energy merger

Communications Systems (JCS +3.9%) has announced that CSI shareholders approved the proposal to approve the merger transaction with Pineapple Energy, at the reconvened special meeting of CSI shareholders. CSI shareholders will receive one contractual non-transferable Contingent Value Right per share of CSI common stock held, which will entitle the CVR holder to a portion of the proceeds of dispositions of CSI’s pre-merger assets after the effective time of the merger. CSI will change its corporate name to “Pineapple Holdings, Inc.” on the closing date. Pineapple Holdings common stock will begin to trade on the Nasdaq under the new symbol “PEGY” on March 29, 2022.

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Communications Systems' shareholders approve Pineapple Energy merger