Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 58

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 58
---
1,202,495 shares of our common stock that may be purchased
by the selling stockholders under certain stock transfer agreements. The number of shares that were registered pursuant to the Previous
Registration Statement was based on our good faith estimate of the maximum number of shares that could be sold by the selling stockholders
at the time of filing. However, because the trading price of our common stock on the Nasdaq Capital Market has decreased since the effective
date of the Previous Registration Statement our good faith estimate of the maximum number of shares that could be issued upon the conversion
of the Series A convertible preferred stock and the exercise of the warrants has increased, as the conversion and exercise price of each
security, respectively, is subject to downward adjustment in the event that we sell, enter into an agreement to sell, grant any option
to purchase or sell or grant any right to reprice or otherwise dispose of or issue (or announce any sale, grant or any option to purchase
or other disposition), any common stock or common stock equivalents entitling any person to acquire shares of common stock at an effective
price per share that is lower than the then conversion price of $13.60 of the Series A convertible preferred stock or the exercise price
of $13.60 of the warrants, subject to certain exceptions. The conversion price and/or exercise price would be adjusted to the lower of
(i) the price in such dilutive issuance or (ii) the lowest volume-weighted average price of our common stock in the five consecutive trading
dates following the announcement of such dilutive issuance. The last reported sale price of our common stock on the Nasdaq Capital Market
on the effective date of the Previous Registration Statement was $8.56 per share, while the last reported sale price of our common stock
on August 24, 2022 was $3.31 per share.

We are registering these shares
of common stock in order to permit the selling stockholders to offer for resale from time to time the shares that they may acquire upon
conversion of the Series A convertible preferred stock or the exercise of the warrants issued pursuant to the securities purchase agreement.
Except for the executing the securities purchase agreement and other documentation related to such offering, the selling stockholders
have not had any material relationship within the past three years with us or any of our affiliates.

The table below lists the
selling stockholders and other information regarding the beneficial ownership of the shares of common stock by each of the selling stockholders.
The second column lists the number of