Cory Hunt - Jun 14, 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)

Role: Director, 10%+ Owner
Signature: /s/ Cory Hunt
Stock symbol: CIPI
Transactions as of: Jun 14, 2024
Transactions value $: $2,755,646,849
Form type: 4
Date filed: 6/21/2024, 03:48 PM
Previous filing: Feb 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIPI	Common Stock	Other	$369	+3.69M	+126.94%	$0.00^*	6.59M	Jun 14, 2024	By P&C Ventures Inc.	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CIPI	Series A Preferred Stock	Other	$2.76B	+1.66K	+0.03%	$1,660,014.00^*	5.08M	Jun 14, 2024	Common Stock	1.95M	$0.85	By P&C Ventures Inc.	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection the conversion of debt, the Company issued a combination of common stock and preferred stock to the Reporting Person.
F2	The Series A Preferred Stock has an initial conversion price of $0.85 per share, subject to adjustment for stock splits and a floating rate conversion price thereafter at a 25% discount to the 3-day VWAP prior to conversion and will exist until the Preferred Stock is retired, converted in full or repaid in full. The floating rate conversion price shall be subject to an initial floor price of $0.10 per share and will be increased upon the occurrence of a reverse split of the Company's common stock, but shall not exceed $0.50 per share in connection with any such reverse split.
F3	Perpetual.