Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 34

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 34
---
, 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). However, if such adjustment would otherwise result in an increase in the exercise price hereunder, no adjustment
shall be made.

Cashless Exercise.
If, at any time after the holder’s purchase of Series B Warrants, such holder exercises its Series B Warrants and the registration
statement registering the issuance of the shares of common stock underlying the Series B Warrants under the Securities Act is not then
effective or available (or a prospectus is not available for the resale of shares of common stock underlying the Series B Warrants), then
in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price,
the holder shall instead receive upon such exercise (either in whole or in part) only the net number of shares of common stock determined
according to a formula set forth in the Series B Warrants. Additionally, the holder may also effect an “alternative cashless exercise”
on or after the Issue Date. In such event, the aggregate number of shares of common stock underlying the Series B Warrants issuable in
such alternative cashless exercise shall equal the product of (x) the aggregate number of shares of common stock underlying the Series
B Warrants that would be issuable upon exercise of the Series B Warrants if such exercise were by means of a cash exercise rather than
a cashless exercise and (y) 3.0. Notwithstanding anything to the contrary, in the event we do not have or maintain an effective registration
statement, there are no circumstances that would require us to make any cash payments or net cash settle the Series B Warrants to
the holders.

Transferability. Subject
to applicable laws, the Series B Warrants may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender
of the Series B Warrants to us together with the appropriate instruments of transfer.

Exchange Listing. We
do not plan on applying to list the Series B Warrants on the Nasdaq Capital Market, any other national securities exchange or any
other nationally recognized trading system.

Fundamental Transactions.
In the event of a fundamental transaction, as described in the Series B W