Isun, INC

iSun, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy protection and are being delisted from the Nasdaq stock exchange.

iSun, Inc. has entered into a $1 million loan agreement with Clean Royalties, LLC, while also preparing for a potential Chapter 11 bankruptcy filing.

iSun, Inc. will be delisted from the Nasdaq Capital Market due to its failure to maintain a minimum share price of $1.00, with trading to be suspended on May 23, 2024.

iSun, Inc. received a notice of default from Decathlon Growth Credit, LLC, demanding immediate payment of all obligations under an $8 million loan agreement.

iSun, Inc. has announced the rescission of its previously planned reverse stock split, deciding it is in the best interest of the company and its shareholders.

iSun, Inc. has announced a 1-for-20 reverse stock split, effective April 26, 2024, to regain compliance with Nasdaq's minimum bid price requirement.

iSun, Inc. has filed an amendment to its annual report on Form 10-K to include information previously omitted regarding directors, executive officers, and corporate governance.

iSun Inc. achieved record revenue in 2023, but faces challenges including a material weakness in internal controls and substantial doubt about its ability to continue as a going concern.