CN Energy Group special committee probes CEO Steven Berman allegations

• CN Energy disclosed an independent investigation by a special board committee into allegations raised by former CEO Steven Berman.
• The probe followed the board’s May 8, 2024 decision to suspend Berman indefinitely, pending the committee’s findings.
• A June 3, 2026 settlement resolved disputes tied to the investigation, paid leave, financial access, financing, investor relations, marketing, asset sales.
• Company agreed to pay USD 25,000 to Berman’s counsel; Berman acknowledged receiving USD 277,000 during paid leave.
• Berman resigned from all roles effective June 3, 2026; both sides granted broad mutual releases.

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