JCS - JCS STOCK NEWS

Communications Systems, Inc. (NASDAQ: JCS) announced that shareholders approved the merger with Pineapple Energy LLC during a special meeting on March 25, 2022.

The merger is expected to close on March 28, 2022, with shareholders receiving one Contingent Value Right (CVR) per share. Following the merger, CSI will rebrand as Pineapple Holdings, Inc., with trading under the new symbol PEGY starting March 29, 2022.

Communications Systems, Inc. (JCS) announced the adjournment of a special shareholder meeting to March 25, 2022, at 9:00 a.m. CT regarding the merger with Pineapple Energy LLC. Approximately 66.5% of outstanding shares have voted in favor of the merger, requiring a two-thirds majority for approval. CEO Roger Lacey encourages shareholders to vote by March 24, 2022, at 11:59 p.m. ET. The company emphasizes the strong support for this merger proposal and provides online voting instructions for shareholders.

Communications Systems, Inc. (Nasdaq: JCS) is urging shareholders to vote "FOR" the proposed merger with Pineapple Energy LLC during the upcoming special meeting scheduled for March 23, 2022. As of March 21, 2022, approximately 62% of outstanding shares had voted in favor, though a minimum of 66.67% is necessary for approval. Shareholders can vote online, by phone, or in person. The meeting aims to finalize the merger, which is expected to enhance CSI's footprint in the IoT sector.

Communications Systems, Inc. (JCS) urges shareholders to vote 'FOR' the merger with Pineapple Energy LLC at the special meeting scheduled for March 23, 2022. Almost 64% of outstanding shares have already supported Proposal #1, requiring a two-thirds majority for approval. CEO Roger Lacey emphasizes the merger's potential to provide value from both the legacy CSI business and the future Pineapple business, presenting a better strategic alternative compared to liquidation. Shareholders are reminded that every vote counts as the deadline approaches.

Communications Systems, Inc. (JCS) announced a one-for-four reverse stock split effective March 18, 2022, aiming to meet Nasdaq listing criteria following a proposed merger with Pineapple Energy LLC. This action reduces authorized common stock from 30 million to 7.5 million shares. The reverse split, effective at 5:00 p.m. CT, allows existing shareholders to retain their percentage interests, with fractional shares settled in cash. The company will continue trading as JCS on Nasdaq starting March 21, 2022.

Communications Systems Inc. (NASDAQ: JCS) reported the status of its special shareholder meeting regarding the proposed merger with Pineapple Energy LLC. The meeting was adjourned for Proposal #1, which requires a two-thirds approval from shareholders. As of March 16, 2022, over 8.5 million shares, representing approximately 87.6% of outstanding shares, have been voted, with more than 63% in favor of Proposal #1. CSI emphasizes the importance of shareholder votes and urges participation, noting other proposals have been approved.

Communications Systems, Inc. (Nasdaq: JCS) is set to merge with Pineapple Energy LLC, following a strategic alternatives process initiated in May 2018. The board believes this merger will yield higher value for shareholders compared to other options. Shareholders are urged to vote by March 16, 2022. If approved, the first distribution under the Contingent Value Rights (CVR) is expected by August 2022, alongside potential cash from asset sales. However, failing to approve may limit future strategic options and incur operational costs.

Communications Systems, Inc. (Nasdaq: JCS) has issued a Q&A fact sheet for shareholders regarding the upcoming merger with Pineapple Energy LLC. The document addresses key shareholder concerns, including appraisal rights and executive compensation post-merger. A special meeting to vote on the merger is set for March 16, 2022, with a unanimous board recommendation to vote "FOR" the transaction. Post-merger, the company will be rebranded as "Pineapple Holdings, Inc." and will focus on solar energy and technology acquisitions.

Communications Systems, Inc. (JCS) announced a proposed merger with Pineapple Energy LLC, emphasizing the strategic and financial benefits for shareholders. The merger aims to position the combined entity as a player in the growing home solar and energy management sectors, with a new name, Pineapple Holdings, Inc., and a Nasdaq ticker symbol of PEGY. A special meeting for shareholders to vote on this merger is scheduled for March 16, 2022. The board unanimously recommends a "FOR" vote, noting potential future benefits and acquisitions.