Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 3

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 3
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 arrange the purchase or
sale of any specific number or dollar amount of securities. We have agreed to pay to the placement agent the placement agent fees set
forth in the table below, which assumes that we sell all of the securities offered by this prospectus supplement. There is no arrangement
for funds to be received in escrow, trust or similar arrangement. There is no minimum number of securities or minimum aggregate amount
of proceeds that is a condition for this offering to close. We may ultimately sell fewer than all of the shares of common stock, common
warrants and Pre-Funded Warrants offered hereby, which may significantly reduce the amount of proceeds received by us, and investors in
this offering will not receive a refund if we do not sell all of the securities offered hereby. Because there is no escrow account and
no minimum number of securities or amount of proceeds, investors could be in a position where they have invested in us, but we have not
raised sufficient proceeds in this offering to adequately fund the intended uses of the proceeds as described in this prospectus supplement.
We will bear all costs associated with the offering. See “Plan of Distribution” on page S-19 of this prospectus supplement
for more information regarding these arrangements.

As of February 27, 2025, prior to the offering,
we had 21,636,055 authorized but unissued shares of common stock available for issuance (after deducting the number of shares outstanding
and reserved for issuance and giving effect to an aggregate of 3,363,945 shares of common stock issuable upon the exercise or conversion
of any outstanding equity incentive plan, contractual arrangements, warrants and convertible debt).

Our shares of common stock are traded on the Nasdaq
Capital Market under the symbol “SUNE.” The last reported sales price of our common stock on the Nasdaq Capital Market on
February 26, 2025 was $1.15 per share.

|                                  |     | Per Share |         |     | Per        
 Pre-Funded 
 Warrant    |          |     | Total(1) |               |
|:---------------------------------|:----|:----------|--------:|:----|:-----------|---------:|:----|:---------|--------------:|
| Offering price                   |     | $         |    1.15 |     | $          |    1.149 |     | $        | 14,988,923.52 |
| Placement agent fees (7.5%)(2)