Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 20

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 20
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 on net metering and related policies to sell solar systems to our customers in most of our current markets, and changes to policies governing net metering may significantly reduce demand for electricity from residential solar energy systems and thus for our installation services; |

| ● | a customer’s decision to procure installation services from us depends in part on the availability of rebates, tax credits and other financial incentives. The expiration, elimination or reduction of these rebates, credits or incentives or our ability to monetize them could adversely impact our business; |

| ● | technical and regulatory limitations regarding the interconnection of solar energy systems to the electrical grid may significantly delay interconnections and customer in-service dates, harming our growth rate and customer satisfaction; |

| ● | the value of Bitcoin could decrease following our announcement to invest a portion of available capital moving forward into Bitcoin, or Bitcoin does not become as useful a tool to our business in becoming accepted as a form of payment by us or to us, in either case making this strategy less valuable, or potentially costly; and |

| ● | compliance with occupational safety and health requirements and best practices can be costly, and noncompliance with such requirements may result in potentially significant monetary penalties, operational delays and adverse publicity. |

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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.

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DESCRIPTION OF SECURITIES</div>

The following summary of the general terms and
provisions of our capital stock does not purport to be complete. We encourage you to read our certificate of incorporation, bylaws, and
the DGCL for additional information.

Authorized Shares of Capital Stock

As of the date hereof, our authorized shares of
capital stock is 1,000,000,000 shares of common stock, par value $0.05 per share and 3,000,000 shares of preferred stock, $1.00 par value
per share. We currently have no shares of preferred stock issued or outstanding

As of April 21, 2025, we had