ISUN INC - ISUN STOCK NEWS

iSun, Inc. (NASDAQ: ISUN) announced the successful redemption of all outstanding public warrants, totaling 4,149,500 issued during its IPO. Of these, approximately 89% were exercised, generating $21.1 million in cash proceeds, with only 453,764 unexercised warrants remaining. As of April 12, 2021, no public warrants are left outstanding, increasing the total shares of Common Stock to 9,082,659. iSun is recognized as a leading solar energy contractor and has installed over 650 megawatts of solar systems since entering the market.

iSun, Inc. (NASDAQ: ISUN) has acquired all intellectual property of Oakwood Construction Services, Inc. for $2.7 million. The deal includes an immediate payment of $1.0 million, with an additional $1.7 million contingent on milestones. This acquisition enables iSun to enter the growing utility-scale solar EPC market, with contracted projects across South Carolina, Utah, and Colorado. The company aims to enhance its capabilities in developing and selling large solar projects directly to utility clients, aligning with a broader market potential of $69 billion in unconstructed utility-scale solar assets.

iSun, Inc. (NASDAQ: ISUN) has been selected for phase one of a major solar plus storage microgrid project in Jackson, TN, led by Northern Reliability and Community Development Enterprises. The $25 million contract highlights iSun's EPC capabilities and expands its geographical footprint. The project entails constructing a 16MW solar energy infrastructure and is expected to generate significant local economic benefits, including new jobs and educational opportunities. This initiative aligns with iSun’s mission to provide green energy solutions in communities affected by natural disasters.

iSun (NASDAQ: ISUN) has announced a strategic investment of $1.5 million in Gemini Electric Mobility Co. and $1 million in Nad Grid Corp (AmpUp). These investments are set to strengthen iSun’s position in the clean mobility market by enhancing its capabilities in electric vehicle (EV) charging infrastructure. The company aims to expand its networks of EV charging stations and increase its recurring revenue through these strategic partnerships. Both companies focus on accelerating the adoption of electric mobility, aligning with iSun's vision to transition to clean energy solutions.

iSun, Inc. (NASDAQ: ISUN) reported a record fourth quarter revenue of $9.3 million, up 47.1% year-over-year, driven by strong contract wins. The company achieved an EBITDA margin of 6.9%, with net income of $1.7 million or $0.32 per share, boosted by $1.5 million in loan forgiveness from the PPP. A healthy backlog of $61 million positions iSun for significant growth in 2021. The firm anticipates doubling its revenue this year, backed by regional expansion including new projects in Rhode Island and Maine.

iSun, Inc. (NASDAQ: ISUN) announced the redemption of all outstanding public warrants at a price of $0.01 each, set for April 12, 2021. As of now, 63% of the public warrants have been exercised, with 37% remaining. Each warrant allows the purchase of half a share of common stock at $5.75 per half share. CEO Jeffrey Peck emphasized that this move aims to streamline the capital structure and enhance cash reserves for growth and acquisitions. The shares underlying the warrants are registered under the Securities Act of 1933.

iSun, Inc. (NASDAQ: ISUN) will announce its fourth quarter and full-year 2020 results on March 15, 2021, after market close. A conference call is scheduled for March 16, 2021, at 8:30 AM ET to review financial results and recent events. The call can be accessed via the investor relations section of iSun's website. iSun is recognized as a top commercial solar contractor, with over 200 megawatts of solar systems installed. The company focuses on sustainable solutions and aims for profitable growth opportunities in the renewable energy market.

iSun, Inc. (NASDAQ: ISUN) has appointed Claudia Meer to its Board of Directors. With extensive experience in the energy sector, including roles as Chief Investment Officer and CFO at AlphaStruxure, and CEO of an EDF energy division, Meer's expertise is expected to guide iSun's growth strategy. Jeffrey Peck, CEO, emphasized her potential impact on organic sales and M&A activities.

iSun, headquartered in Williston, VT, specializes in solar and clean mobility infrastructure, with over 200 megawatts installed since 2012.

iSun, Inc. (NASDAQ: ISUN) announces its selection to provide solar EV technologies for the Meriden Housing Authority in Bristol, CT, through a competitive bid. This project will supply sufficient annual power for tenants' needs, enhancing iSun’s impact and revenue strategy. The $2.2 million contract leverages multiple high-margin offerings, including solar carports and energy-as-a-service, reinforcing iSun's commitment to sustainable innovations. The CEO emphasizes strategic growth through acquisitions, while the Meriden Housing Authority lauds the project’s potential for tenant experience and renewable energy accessibility.