Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 2

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 2
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 apply for listing of the Pre-Funded
Warrants or common warrants on any securities exchange or other nationally recognized trading system. Without an active trading market,
the liquidity of the Pre-Funded Warrants and common warrants will be limited.

Following the Warrant Stockholder Approval,
if any, the exercise price of the common warrants will be reset to a price equal to the following: if the lowest volume weighted
average price (“VWAP”) of our common stock during the period from five trading days immediately preceding the issue date
of the Series A Warrants and Series B Warrants and ending five trading days immediately after such issue date (the “Event
Market Price”) is less than the exercise price of the Series A Warrants or Series B Warrants, respectively, then the exercise
price will be reduced to the Event Market Price and the number of shares issuable upon exercise will be proportionately adjusted such that the aggregate price will remain unchanged, provided, however, the adjusted exercise price shall not be less than 20% of the
of the “Minimum Price” as defined under Nasdaq’s rules (the “Floor Price”). In addition, if, while the
common warrants are outstanding, we issue or sell, or are deemed to have issued or sold, any common stock and/or common stock
equivalents other than in connection with certain exempt issuances, at a purchase price per share less than the exercise price of
the common warrants in effect immediately prior to such issuance or sale or deemed issuance or sale, then simultaneously with the
consummation (or, if earlier, the announcement) of each such issuance or sale or deemed issuance or sale, the exercise price of the
common warrants then in effect will be reduced to an amount equal to the new issuance price, and the number of shares issuable upon
exercise will be proportionately adjusted such that the aggregate price will remain unchanged, provided that, the adjusted exercise
price shall not be less than twenty percent of the “Minimum Price” under Nasdaq rules (subject to adjustment for reverse
and forward stock splits, recapitalizations and similar transactions following the Issue Date).

We have engaged Roth Capital Partners, LLC to act
as our exclusive placement agent (the “placement agent”) in connection with this offering. The placement agent has agreed
to use its reasonable best efforts to arrange for the sale of the securities offered by this prospectus supplement. The placement agent
is not purchasing or selling any of the securities we are offering and the placement agent is not required to