Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 64

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 64
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 ● | payment on those securities is subordinate to outstanding Senior Debt and any securities issued with respect to Senior Debt under such plan of dissolution, reorganization, readjustment or winding up at least to the same extent provided in the subordination provisions of the subordinated debt securities. |

If such events in bankruptcy, insolvency or reorganization
occur, after we have paid in full all amounts owed on Senior Debt:

| ● | the holders of subordinated debt securities, |

| ● | together with the holders of any of our other obligations ranking equal with those subordinated debt securities, |

will be entitled to receive from our remaining assets any principal,
premium or interest due at that time on the subordinated debt securities and such other obligations before we make any payment or other
distribution on account of any of our capital stock or obligations ranking junior to those subordinated debt securities.

If we violate the subordinated indenture by making
a payment or distribution to holders of the subordinated debt securities before we have paid all of the Senior Debt in full, then such
holders of the subordinated debt securities will be deemed to have received the payments or distributions in trust for the benefit of,
and will have to pay or transfer the payments or distributions to, the holders of the Senior Debt outstanding at the time. The payment
or transfer to the holders of the Senior Debt will be made according to the priorities existing among those holders. Notwithstanding the
subordination provisions discussed in this paragraph, holders of subordinated debt securities will not be required to pay, or transfer
payments or distributions to, holders of Senior Debt so long as:

| ● | the payments or distributions consist of securities issued by us or another company in connection with a plan of reorganization or readjustment; and |

| ● | payment on those securities is subordinated to outstanding Senior Debt and any securities issued with respect to Senior Debt under such plan of reorganization or readjustment at least to the same extent provided in the subordination provisions of those subordinated debt securities. |

| ● | Because of the subordination, if we become insolvent, holders of Senior Debt may receive more, ratably, and holders of the subordinated debt securities having a claim pursuant to those securities may receive less, ratably, than our other creditors. |

We may modify or amend the subordinated indenture
as provided under “- Modification and Waiver” above. However, the modification or amendment may not, without the consent of
the holders of all Senior Debt outstanding,