Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 38

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 38
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 the Series B Warrant.

<div align='center'>S-17

DESCRIPTION OF PRE-FUNDED WARRANTS</div>

The following summary of certain terms and provisions of Pre-Funded Warrants that are being offered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the Pre-Funded Warrant.

Form. The Pre-Funded
Warrants will be issued as individual warrant agreements to the investors. You should review the form of Pre-Funded Warrant for a complete
description of the terms and conditions applicable to the Pre-Funded Warrants.

Exercisability. The
Pre-Funded Warrants will be exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise
notice accompanied by payment in full in immediately available funds for the number of shares of our common stock purchased upon such
exercise (except in the case of a cashless exercise as described below). A holder (together with its affiliates) may not exercise any
portion of the Pre-Funded Warrant to the extent that the holder would own more than the Beneficial Ownership Limitation, except that upon
at least 61 days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding stock after
exercising the holder’s Pre-Funded Warrants up to 9.99% of the number of shares of our common stock outstanding immediately after
giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Pre-Funded Warrants. Purchasers
of Pre-Funded Warrants in this offering may also elect prior to the issuance of the Pre-Funded Warrants to have the initial exercise limitation
set at 9.99% of our outstanding common stock. No fractional shares of common stock will be issued in connection with the exercise
of a Pre-Funded Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied
by the exercise price.

Duration and Exercise Price.
The exercise price per whole share of our common stock purchasable upon the exercise of the Pre-Funded Warrants is $0.001 per share of
common stock. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until the Pre-Funded Warrants are
exercised in full. The exercise price of the Pre-Funded Warrants is subject to appropriate adjustment in the event of