Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 2

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 2
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 prior to such issuance or sale or deemed issuance or sale, then simultaneously
with the consummation (or, if earlier, the announcement) of each such issuance or sale or deemed issuance or sale, the exercise price
of the common warrants then in effect will be reduced to an amount equal to the new issuance price, 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).

There is no established public trading market for
the common warrants, and we do not expect a market to develop. We do not intend to apply for listing of the common warrants on any securities
exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the common warrants will be
limited.

We have engaged Roth Capital Partners, LLC to act
as our exclusive placement agent (the “placement agent”) in connection with this offering. The placement agent has agreed
to use its reasonable best efforts to arrange for the sale of the securities offered by this prospectus supplement. The placement agent
is not purchasing or selling any of the securities we are offering and the placement agent is not required to 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 and common
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