Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 33

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 33
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 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 of the Series A Warrants (the “Issue Date”)).

Provided the lowest volume
weighted average price (“VWAP”) of the common stock during the period commencing five consecutive trading days immediately
preceding the Issue Date and ending five consecutive trading days immediately after the Issue Date (the “Event Market Price”)
(such period, subject to the terms of the related warrant agreement, shall be the “Issue Date Adjustment Period”) is less
than the exercise price then in effect, then at the close of trading on the primary trading market on the last day of the Issue Date Adjustment
Period, the exercise price then in effect on such fifth trading day shall be reduced to the Event Market 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). 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 A Warrants, such holder exercises its Series A Warrants and the registration
statement registering the issuance of the shares of common stock underlying the Series A 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 A 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 A Warrants. 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 A Warrants to the holders.

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