Communications Systems

Pineapple Energy, Inc. focuses on creating a national solar, storage, and energy services company. The company's vision is to power the energy transition through the grassroots growth of solar electricity paired with battery storage. Its portfolio of brands, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, offers homeowners and small businesses an end-to-end product offering spanning solar, battery storage, and grid services. The company is headquartered in Minnetonka, MN.

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SUNation Energy, Inc. is focused on local and regional solar, storage, and energy services companies nationwide. The firm's vision is to power the energy transition through the grass-roots growth of solar electricity paired with battery storage. Its portfolio of brands, including SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, provides homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services. The company was founded in 1969 and is headquartered in Ronkonkoma, NY.

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (the “Company” or “Pineapple Energy”) today announced the closing of its merger with Pineapple Energy LLC. In connection with the closing, the Company changed its name to “Pineapple Holdings, Inc.” on March 28, 2022 and its common stock is expected to trade on the Nasdaq Capital Market under the new symbol “PEGY” on Tuesday, March 29, 2022. Immediately prior to the merger, Pineapple Energy completed its acquisition o

Communications Systems, Inc. Announces Closing of the Merger with Pineapple Energy LLC and Changes its Name to Pineapple Holdings, Inc.

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today announced that CSI shareholders approved Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC (“Pineapple”), at the reconvened special meeting of CSI shareholders that was held on March 25, 2022 at 9 a.m. CT. Roger Lacey, Executive Chair and Interim Chief Executive Officer of CSI, commented, “On behalf of the CSI board of directors, I want to thank all o

Communications Systems, Inc. Receives Shareholder Approval to Merge With Pineapple Energy and Announces Expected Merger Closing Date

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today announced that the CSI special meeting of shareholders has been adjourned to Friday, March 25, 2022 at 9:00 a.m. CT/10:00 a.m. ET solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. Proposal #1 continues to have ver

Communications Systems, Inc. Adjourns Special Meeting

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today urges CSI shareholders to vote “FOR” Proposal #1 to approve the merger transaction with Pineapple Energy LLC (“Pineapple”), at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. As of the close of the business day on March 21, 2022, approximately 62% of the CSI total outstanding shares have already voted in favor of Proposal #1.

Communications Systems, Inc. Reminds Investors that Every Share is Critical to the Approval of the Merger with Pineapple Energy

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today reiterates the value to CSI shareholders from the merger transaction with Pineapple Energy LLC (“Pineapple”) and urges CSI shareholders to vote “FOR” Proposal #1, the proposal to approve the merger transaction with Pineapple, at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time. Almost 64% of the CSI total outstanding shares hav

Communications Systems, Inc. Reiterates Value of Pineapple Merger Transaction in Advance of Special Meeting on March 23, 2022

MINNEAPOLIS--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) announced today that effective at 5:00 p.m. Central Time on March 18, 2022, the Company will implement a one-for-four reverse stock split of its outstanding common stock. The Company's common stock will continue to trade under the symbol “JCS” and it is expected to open for trading on Nasdaq on March 21, 2022 on a post-split basis. The reverse stock split is primarily intended to allow the Company to achieve one of the cri

Communications Systems, Inc. Announces Reverse Stock Split Effective March 18, 2022

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today announced that it conducted its special meeting of shareholders and adjourned the meeting solely with respect to Proposal #1, the proposal to approve the merger transaction with Pineapple Energy LLC. Proposal #1, along with the other proposals, is described in the proxy statement/prospectus dated February 3, 2022. The adjourned special meeting will be held on Wednesday, March 23, 2022 a

Communications Systems, Inc. Announces Partial Adjournment of Special Meeting for Proposal #1, Pineapple Merger Proposal

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today provided additional insight into the strategic alternatives process that led to the proposed merger with Pineapple Energy LLC (“Pineapple”) that will deliver value to CSI shareholders if the proposed merger is approved at the special meeting of CSI shareholders scheduled for March 16, 2022. Shareholders can vote immediately via the Internet at www.proxyvote.com, or by phone at +1 (800)

Communications Systems, Inc. Explains Strategic Process and Implications of Proposed Merger

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today provided investors with updated information related to the proposed merger transaction with Pineapple Energy LLC (“Pineapple”). CSI's special meeting of shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a p

Communications Systems, Inc. Announces that ISS and Glass Lewis Recommend Investors Vote FOR the Merger with Pineapple

WAYZATA, Minn., March 07, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy LLC (“Pineapple”), a leading provider of sustainable solar energy and back-up power and security to households, today announced preliminary unaudited combined revenue results for Hawaii Energy Connection (“HEC”) and E-Gear (“E-Gear”), which have agreed to be acquired by Pineapple in connection with Pineapple's proposed merger transaction with Communications Systems, Inc. (Nasdaq: JCS).

Pineapple Energy Announces Preliminary Financial Results for Acquisition Partners Hawaii Energy Connection and E-Gear

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today provided an additional question and answer fact sheet for CSI shareholders relating to the proposed merger transaction with Pineapple Energy LLC (“Pineapple”). The Q&A Fact Sheet provides answers to the following questions: Do CSI shareholders have appraisal or dissenters' rights with respect to the Pineapple Merger Transaction? How much will the CSI executive officers receive at th

Communications Systems Provides Additional Q&A Fact Sheet

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today provided an investor presentation and questions and answer fact sheet for CSI shareholders detailing the compelling strategic rationale and financial benefits of the proposed merger transaction with Pineapple Energy LLC (“Pineapple”). Interested investors can access the presentation here and can access the Q&A fact sheet here. As previously announced, a special meeting of CSI shareh

Communications Systems Provides Investor Presentation and Q&A Fact Sheet Detailing Compelling Strategic Rationale and Financial Benefits of the Proposed Merger with Pineapple Energy

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today highlighted steps to enhance the composition of its board of directors following the closing of the proposed merger with Pineapple Energy LLC (“Pineapple”). Following the completion of the proposed merger with Pineapple, CSI will be renamed “Pineapple Holdings, Inc.” (“Pineapple Holdings”), will trade under the new Nasdaq ticker symbol “PEGY,” and will be focused on the growing home sol

Communications Systems to Enhance Finance and Solar Expertise of Board of Directors Following Merger with Pineapple Energy

Schmitt Industries

--Two New Appointments Rounds Out Board to Seven Members—

Pineapple Energy Enhances Board of Directors in Preparation for Public Listing

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today reiterated the strategic and financial benefits it believes will result from its previously disclosed merger with Pineapple Energy LLC (“Pineapple”). A special meeting of CSI shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the s

Communications Systems, Inc. Reiterates Strategic and Financial Benefits of Its Proposed Merger With Pineapple Energy LLC

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) announced today that on December 16, 2021, the Company entered an amendment (Amendment”) to the definitive merger agreement (“Merger Agreement”) dated March 1, 2021, between the Company and privately held Pineapple Energy, LLC (“Pineapple”), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Under the Amendment, among other things, CSI

Communications Systems, Inc. Announces Amendment to Merger Agreement with Pineapple Energy LLC

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) announced today that on November 18, 2021, it entered into a purchase agreement with Buhl Investors LLC, a Minnesota limited liability company or its affiliated assignee (“Buyer”) for the sale of the Company's headquarters building (“the building”) located at 10900 Red Circle Drive, Minnetonka, MN for $6.8 million. The building currently includes the CSI's corporate administrative offices, as

Communications Systems, Inc. Enters into a Purchase Agreement to Sell its Headquarters Building for $6.8 Million

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), which has operated as a global IoT intelligent edge products and IT managed services company, today announced consolidated financial results for the third quarter (“Q3”) ended September 30, 2021. Management Comments for Q3 2021 Roger Lacey, CSI's Interim CEO and Chairman of the Board, commented, “During Q3 2021, we continued our positive trajectory of growing revenues and improving margins i

Communications Systems, Inc. Reports Third Quarter 2021 Financial Results

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According to the Upcoming Special Dividends Screen, a Premium feature of GuruFocus, five stocks that are paying a lump-sum dividend over the next month are American Financial Group Inc. ( AFG , Financial), CBM Bancorp Inc. ( CBMB , Financial), PJT Partners Inc. ( PJT , Financial), Weyerhaeuser Co. ( WY , Financial) and Communications Systems Inc. ( JCS , Financial).

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MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), today announced that its JDL Technologies subsidiary has been recognized by Microsoft for offering best-in-class solutions to customers and has achieved Microsoft Certified Partner Gold status as a Cloud Platform software and technology solutions provider. Gold Partners make up the top 1% of the Microsoft Partner Network. Silver Partners make up the top 5%. Gold and silver competencies are a

JDL Technologies Achieves Microsoft Certified Partner Gold Status

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) announced today that it has entered into an amended and restated securities purchase agreement with a group of institutional investors (the “PIPE Investors”) to make a $32.0 million private placement investment in CSI in connection with the closing of the previously announced merger between CSI and Pineapple Energy, LLC (“Pineapple”). Proceeds of this investment will be used primarily to fund

Communications Systems, Inc. Announces Updated $32.0 Million Equity Financing To Close Concurrently With CSI–Pineapple Merger

The stock price of Communications Systems, Inc. (NASDAQ: JCS) increased by more than 35% pre-market. This is why it happened.

JCS Stock: Why It Increased Today

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), today announced that its board of directors has declared a special dividend of $3.50 per share payable on October 15, 2021, to CSI shareholders of record at the close of business on September 30, 2021. The aggregate amount of the special dividend is approximately $34.0 million, to be funded from the net proceeds of the sale of CSI's Transition Networks and Net2Edge businesses, which comprise

Communications Systems Declares Special Dividend

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), which has operated as a global IoT intelligent edge products and services company, today announced consolidated financial results for the second quarter (“Q2”) ended June 30, 2021, including a discussion of results of operations by segment. Management Comments for Q2 2021 Roger Lacey, CSI's Interim CEO and Chairman of the Board, commented, “During Q2 2021 we continued to grow revenues and im

Communications Systems, Inc. Reports Second Quarter 2021 Financial Results

Lantronix

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), today announced that following CSI shareholder approval and satisfaction of other customary conditions, it completed the sale of the Transition Networks and Net2Edge businesses, which comprised substantially all of the assets of the Company's Electronics & Software Segment, to Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”). At the closing, CSI received a $24.16 million cash payment, which

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