Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 7

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 7
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USIP number (72303P503) in connection with the reverse stock split. All options, warrants and other convertible securities
of the Company outstanding immediately prior to the reverse stock split and the related exercise or conversion prices, were adjusted for
the reverse stock split in accordance with the terms of the plans, agreements or arrangements governing such options, warrants and other
convertible securities, subject to rounding to the nearest whole share.

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SELECTED FINANCIAL DATA On April 3, 2025, the Company’s stockholders approved a reverse stock split of the Company’s common stock at a ratio within a range of 1-for-2 and 1-for-200 and granted the Company’s board of directors the discretion to determine the timing and ratio of the split within such range. Additionally, the shareholders also approved an increase in authorized shares to 1,000,000,000 shares. On April 9, 2025, the Company’s board of directors determined to effect the reverse stock split of the common stock at a 1-for-200 ratio and approved an amendment to its Certificate of Incorporation. Effective April 16, 2025, the Company amended its Certificate of Incorporation to implement a one-for-two hundred reverse stock split. As a result of the reverse stock split, at 12:01 a.m. Eastern Time on April 21, 2025, every 200 shares of common stock then issued and outstanding automatically were combined into one share of common stock, with no change in par value per share. No fractional shares were outstanding following the reverse stock split, and any fractional shares that would have resulted from the reverse stock split were rounded up to the nearest whole share. We have not restated any prior financial statements or financial information incorporated by reference in this prospectus to reflect the reverse stock split. The following selected financial data is based on common stock and per share data from our Annual Report on Form 10-K for the year ended December 31, 2024 as retrospectively adjusted to reflect the reverse stock split.

|                                                                 |     | Year Ended December 31 |       2024 |   |     |   |        2023 |   |
|:----------------------------------------------------------------|:----|:-----------------------|-----------:|:--|:----|:--|------------:|:--|
| Weighted average shares outstanding - basic and diluted         |     |                        |      2,714 |   |     |   |