Company: SUNE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0001140361-25-007723
Chunk: 30

Company: SUNation Energy, Inc.
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 30
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11779. Percentage ownership is based on 4,793,587 shares of voting stock outstanding as of February 27, 2025, which is the aggregate of our Common Stock outstanding and one share of our Series D Convertible Preferred Stock (which is entitled to vote as a single class on an as converted basis with the common stockholders). As described elsewhere in this proxy statement, our shares purchased by any holders of record on the record date who participated in the Offering described in Proposal 3 are not permitted and whose votes shall not be counted towards approval on Proposal 3. All holders of record on the record date are permitted and entitled to vote on all other proposals (1, 2 and 4) contained in this Proxy Statement. Beneficial ownership is determined in accordance with SEC rules. These rules generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to those securities and include shares of Common Stock issuable upon the exercise of options, warrants, preferred stock, and other securities that are immediately exercisable or convertible, or exercisable or convertible within 60 days of February 27, 2025. Except as otherwise indicated, all persons listed below have sole voting and investment power with respect to the shares beneficially owned by them, subject to applicable community property laws. The information is not necessarily indicative of beneficial ownership for any other purpose.

| Beneficial Owner                                                    |     | Number of 
    Shares |     | Percentage |
| L1 Capital Global Opportunities Master Fund, Ltd.(1)                |     |   425,000 |     | 8.87%      |
| Altium Healthcare Long Short Master Fund LP(2)                      |     |   425,000 |     | 8.87%      |
| Sabby Volatility Warrant Master Fund LTD(3)                         |     |   260,000 |     | 5.42%      |
| Bigger Capital Fund, LP and District 2 Capital Fund LP(4)           |     |   430,000 |     | 8.97%      |
| Funds associated with Anson Investments(5)                          |     |   425,000 |     | 8.87%      |
| Roger H.D. Lacey                                                    |     |     2,020 |     | *          |
| Scott Maskin                                                        |     |     4,560 |     | *          |
| Spring Hollis                                                       |     |     2,