Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 11

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 11
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as well as having filed a Certificate of Incorporation with the Secretary of State of the State of Delaware on this same date. In addition
to the Reincorporation, the Company also effectuated a change to its name from Pineapple Energy Inc. to SUNation Energy, Inc. (the “Name
Change”), as reflected on the certificate of incorporation and bylaws, the forms of which are included as exhibits 3.1 and 3.2,
respectively, to our form 8-K filed with the Commission and effective on November 19, 2024. Additionally, in conjunction with the Reincorporation
and Name Change, the Company has also determined to change its ticker stock symbol on the Nasdaq Capital Market from PEGY to SUNE, effective
November 19, 2024.

As a result of the Reincorporation, pursuant to
the Delaware General Corporation Law (the “DGCL”), the Company has continued its existence under the DGCL as a corporation
incorporated in the State of Delaware. The business, assets and liabilities of the Company and its subsidiaries on a consolidated basis,
as well as its fiscal year, were the same immediately after the Reincorporation as they were immediately prior to the Reincorporation.
In addition, the directors and executive officers of the Company immediately after the Reincorporation were the same individuals who were
directors and executive officers, respectively, of the Company immediately prior to the Reincorporation.

Recent Developments

See also “Incorporation of Certain Information
by Reference” in this prospectus supplement.

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THE OFFERING

| Common stock we are offering                              |     | Up to 4,347,826 shares of our common stock on a “reasonable best efforts” basis based on an offering price of $1.15 per share and the series of warrants described below, which was the closing price of our common stock as reported on Nasdaq on February 26, 2025.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Common warrants we are offering                           |     | Series A Warrants to purchase up to 17,391,306 shares of common stock and Series B Warrants to purchase up to 17,391,306 shares of common stock.    Each Series A Warrant will have an initial exercise price of $1.725 per share (not to exceed 150% of the combined public offering price), which will be subject