Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 23

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 23
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other jurisdiction will be the federal courts located in the City, County and State of New York, and the procedural laws of such courts
shall govern all such actions and proceedings.

Anti-Takeover Effects of Delaware Law, the Certificate of Incorporation and the Bylaws

Certain provisions of Delaware law, our certificate
of incorporation and our bylaws could make the acquisition of our company more difficult and could delay, defer or prevent a tender offer
or other takeover attempt that a stockholder might consider to be in its best interest, including takeover attempts that might result
in the payment of a premium to stockholders over the market price for their shares. These provisions also may promote the continuity of
our management by making it more difficult for a person to remove or change the incumbent members of our board of directors.

Authorized but Unissued Shares. The authorized
but unissued shares of our common stock and preferred stock are available for future issuance without stockholder approval except as required
by law or by any stock exchange on which our common stock may be listed. These additional shares may be utilized for a variety of corporate
purposes, including future public offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized
but unissued shares of common stock or preferred stock may enable our board of directors to render more difficult or to discourage an
attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise.

Board Classification. Our certificate of
incorporation provides that our board of directors is divided into three classes of directors, with the classes to be as nearly equal
in number as possible, and with the directors serving three-year terms. As a result, approximately one-third of our board of directors
is elected each year. The classification of directors has the effect of making it more difficult for stockholders to change the composition
of our board of directors.

No Cumulative Voting. Holders of our common
stock do not have cumulative voting rights in the election of directors.

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Special Meetings of Stockholders. Our bylaws
provide that a special meeting of stockholders may be called at any time only by our board of directors or our CEO together with our COO
or CFO.

Stockholder Action by Written Consent. Pursuant
to Section 228 of the DGCL, any action required to be taken at any annual or special meeting of the stockholders may be taken without
a meeting, without prior notice and without a vote if a consent or cons