SNRY Appoints Derrick Whitehead as CEO, Scraps Reverse-Split Merger

Solar Energy Initiatives, Inc. (OTC: SNRY) has appointed Derrick Whitehead as President and CEO, effective October 1, 2026, succeeding Bryan A. Wilkinson, who transitions to Chief Operating Officer to help lead the change. Whitehead is a finance coach and founder of “Alpha Incorporated” and “Economic Masonry,” where he advises private companies on corporate structure, business credit, and capital formation. He brings a substantial social media following—approximately 500k Instagram followers, 112,000 YouTube subscribers, 185,000 TikTok followers, and more—which he uses to reach entrepreneurs through live “Wealth Without Risk” tours and webinars. His public commentary on corporate funding includes a widely circulated interview.

In a bold strategic pivot, the Company also terminated a previously disclosed Letter of Intent to merge with a Colorado-based solar technology company. The Board determined the deal was not in shareholders’ best interest, particularly because the counterparty planned a reverse split—a move SNRY staunchly opposes. Whitehead emphasized that any transaction requiring a reverse split or harming existing holders is “non-negotiable” and that SNRY will instead serve as a holding company and launch pad for operating partners and acquisitions. He plans to leverage his extensive relationships with operators and capital partners to attract non-dilutive, non-toxic capital. Wilkinson added that SNRY will operate as an incubator and “mothership,” rapidly rolling assets onto the balance sheet.

Solar Energy Initiatives is executing a comprehensive restructuring to strengthen its balance sheet and prepare for a strategic merger. The Company expects to issue further updates on corporate records, state filings, and addresses as it brings on operating partners and assets. Shareholders are encouraged to watch for these announcements, as Whitehead promises to hit the ground running. The full release is available on www.newmediawire.com.