Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 77

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 77
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 summarized the anticipated material terms
and provisions of the senior and subordinated indentures in this section. We have also filed the forms of the indentures summarized in
this section as exhibits to the registration statement of which this prospectus is a part. You should read the applicable indenture for
additional information before you buy any debt securities. The summary that follows includes references to section numbers of the indentures
so that you can more easily locate these provisions.

General

The debt securities will be our direct unsecured
obligations. Neither of the indentures limits the amount of debt securities that we may issue. Both indentures permit us to issue debt
securities from time to time and debt securities issued under an indenture will be issued as part of a series that has been established
by us under such indenture.

The senior debt securities will be unsecured and
will rank equally with all of our other unsecured unsubordinated debt. The subordinated debt securities will be unsecured and will rank
equally with all of our other subordinated debt securities and, together with such other subordinated debt securities, will be subordinated
to all of our existing and future Senior Debt (as defined below). See “- Subordination” below.

The debt securities are our unsecured senior or
subordinated debt securities, as the case may be, but our assets include equity in our subsidiaries. As a result, our ability to make
payments on our debt securities may depend in part on our receipt of dividends, loan payments and other funds from our subsidiaries. In
addition, if any of our subsidiaries becomes insolvent, the direct creditors of that subsidiary will have a prior claim on its assets.
Our rights and the rights of our creditors, including your rights as an owner of our debt securities, will be subject to that prior claim,
unless we are also a direct creditor of that subsidiary. This subordination of creditors of a parent company to prior claims of creditors
of its subsidiaries is commonly referred to as structural subordination.

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Unless otherwise specified in the applicable prospectus
supplement, we may, without the consent of the holders of a series of debt securities, issue additional debt securities of that series
having the same ranking and the same interest rate, maturity date and other terms (except for the price to public and issue date) as
such debt securities. Any such additional debt securities, together with the initial debt securities, will constitute a single series
of debt securities under the