Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 93

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 93
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| ● | the holder of the warrant is not in possession of any information that constitutes, or might constitute, material, non-public information which was provided by our company, any of our subsidiaries, or any of their officers, directors, employees, agents or affiliates. |

We may not enter into or be party to a Fundamental
Transaction (as further described below) unless the successor entity to such Fundamental Transaction assumes in writing all of our obligations
under the warrants. In addition, prior to the consummation of any Fundamental Transaction pursuant to which holders of our common stock
are entitled to receive securities, cash, assets or other property with respect to or in exchange for the our common stock, we must make
appropriate provision to ensure that, and any applicable successor entity must ensure that, the warrant holder will thereafter have the
right to receive upon exercise of the warrant at any time after the consummation of such event, shares of common stock or capital stock
of the successor entity or, if so elected by the warrant holder, in lieu of the shares of common stock (or other securities, cash, assets
or other property) issuable upon exercise of the warrant prior to such event, such shares of stock, securities, cash, assets or any other
property whatsoever (including warrants or other purchase or subscription rights) which the warrant holder would have been entitled to
receive upon the consummation of such event or the record date resulting in such event, had the warrant been exercised immediately prior
to such event or the record date such event (without regard to any limitations on exercise of the warrant). In the event of a change of
control, at the request of the warrant holder or at our election delivered before the 60th day after the consummation of such change of
control, we (or the successor entity) will purchase the warrant from the warrant holder by paying to the holder cash in an amount equal
to the Black-Scholes value of the remaining unexercised portion of the warrant on the date of such change of control.

Under the Outstanding Warrants, the term Fundamental
Transaction includes one or more related transactions in which we, directly or indirectly, will:

| ● | consolidate or merge with or into (whether or not we are the surviving corporation) another entity; or |

| ● | sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of company or any of our “significant subsidiaries” to one or