Brief: Communications Systems Inc Announces Agreement To Merge With Pineapple Energy LLC

Sunation Energy

02/03/2021 12:24

March 2 (Reuters) - Communications Systems Inc  JCS.O :
    * PRESS RELEASE - COMMUNICATIONS SYSTEMS, INC. ANNOUNCES
AGREEMENT
TO MERGE WITH PINEAPPLE ENERGY, LLC
    * COMMUNICATIONS SYSTEMS INC - CSI TO MONETIZE ASSETS AND
DISTRIBUTE CASH TO EXISTING SHAREHOLDERS
    * COMMUNICATIONS SYSTEMS INC - CSI WILL FULLY SUPPORT
CURRENT
BUSINESS LINES PENDING DIVESTITURE
    * COMMUNICATIONS SYSTEMS INC - MEMBERS OF PINEAPPLE WILL
RECEIVE
BASE CONSIDERATION OF 15.6 MILLION SHARES OF CSI COMMON STOCK.

Source text for Eikon:  ID:nBw8xJsp0a 
Further company coverage:  JCS.O 

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