Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 54

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 54
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 common stock outstanding
as of August 15, 2022.

The fourth column lists the
shares of common stock being offered by this prospectus by the selling stockholders. In accordance with the terms of a registration rights
agreement with the selling stockholders, this prospectus covers the resale of the sum of:

| ● | 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 |

| ● | 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. |

<div align='center'>9</div>

For purposes of the fifth
and sixth column, we have assumed that each selling stockholder will have sold all of our common stock covered by this prospectus upon
the completion of the offering. However, the selling stockholders may sell all, some or none of their shares in this offering. See “Plan
of Distribution”.

Under the terms of the Certificate
of Designation with respect to the Series A convertible preferred stock, a selling stockholder may not convert the Series A convertible
preferred stock to the extent such conversion would cause such selling stockholder, together with its affiliates and attribution parties,
to beneficially own a number of shares of common stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding common
stock following such conversion, excluding for purposes of such determination shares of common stock issuable upon conversion of shares
of Series A convertible preferred stock which have not been converted and issuable upon exercise of warrants which have not been exercised.
Also, under the warrants, a selling stockholder may not exercise the warrant to the extent such exercise would cause such selling stockholder,
together with its affiliates and attribution parties, to beneficially own a number of shares of common stock which would exceed 4.99%
or 9.99%, as applicable, of our then outstanding common stock following such conversion, excluding for purposes of such determination
shares of common stock issuable upon conversion of shares of Series A convertible preferred stock which have not been converted and issuable
upon exercise of warrants which have not been exercised. The number of shares in the second and fifth columns do not reflect these limitations,
but