Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 57

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 57
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 minimize the impact of cyber-attacks or other breaches of our information systems; |

| ● | effects arising from pending litigation; and |

| ● | all other matters discussed in our other filings with the SEC. |

<div align='center'>7

USE OF PROCEEDS</div>

We intend to use the net proceeds from the sale
of any securities for general corporate purposes unless otherwise indicated in the applicable prospectus supplement. General corporate
purposes may include the repayment of outstanding indebtedness, working capital, general and administrative expenses, capital expenditures
and acquisitions. We have not yet determined the amount of net proceeds to be used specifically for any of the foregoing purposes. Accordingly,
our management will have significant discretion and flexibility in applying the net proceeds from the sale of these securities.

We will not receive any proceeds from the sale
of shares of our common stock by the selling stockholders.

<div align='center'>8

SELLING STOCKHOLDERS</div>

The common stock being offered
by the selling stockholders pursuant to this prospectus consists of (1) 200% of the 2,352,936 shares of our common stock that may be issued
upon conversion, at an initial conversion price of $13.60 per share, of the Series A convertible preferred stock issued under the securities
purchase agreement and (2) 200% of the 2,352,936 shares of our common stock that may be issued, at an initial exercise price of $13.60
per share, upon the exercise of warrants issued under the securities purchase agreement. We previously registered 10,614,239 shares of
our common stock for resale by the selling stockholders (the “Previously Registered Shares”) pursuant to a registration statement
on Form S-3 (Registration Statement No. 333-262893) that was declared effective on March 24, 2022 (the “Previous Registration Statement”).
The 10,614,239 shares of common stock consisted of (1) 200% of the 2,352,936 shares of our common stock that may be issued upon conversion,
at an initial conversion price of $13.60 per share, of the Series A convertible preferred stock issued under the securities purchase agreement,
(2) 200% of the 2,352,936 shares of our common stock that may be issued, at an initial exercise price of $13.60 per share, upon the exercise
of warrants issued under the securities purchase agreement, and (3) the aggregate