On February 7, 2022, Communications Systems, Inc. reiterated the strategic and financial benefits it believes will result from its previously disclosed merger with Pineapple Energy LLC. A special meeting of the Company shareholders has been scheduled on March 16, 2022, to vote on the proposed Pineapple merger transaction, among other things. In addition, the Company stated that beginning on February 4, 2022, the notice of the special meeting and a proxy statement/prospectus are being delivered to its shareholders as of the January 27, 2022, record date.

Further, the Company stated that if the Pineapple merger transaction is completed, the Company will change its corporate name to Pineapple Holdings, Inc. and will continue to be a publicly traded company with the new Nasdaq ticker symbol PEGY.