Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 39

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 39
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 certain stock dividends
and distributions, stock splits, stock combinations, reclassifications or similar events affecting our common stock and also upon any
distributions of assets, including cash, stock or other property to our stockholders.

Cashless Exercise.
If, at any time after the holder’s purchase of Pre-Funded Warrants, such holder exercises its Pre-Funded 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 Pre-Funded Warrants.

Transferability. Subject
to applicable laws, the Pre-Funded Warrants may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender
of the Pre-Funded Warrant to us together with the appropriate instruments of transfer.

Exchange Listing. We
do not plan on applying to list the Pre-Funded Warrants on the Nasdaq Capital Market, any other national securities exchange or any other
nationally recognized trading system.

Fundamental Transactions.
In the event of a fundamental transaction, as described in the Pre-Funded Warrants and generally including any reorganization, recapitalization
or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets,
our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person
or group becoming the beneficial owner of 50% of the voting power represented by our outstanding common stock, the holders of the Pre-Funded
Warrants will be entitled to receive upon exercise of the Pre-Funded Warrants the kind and amount of securities, cash or other property
that the holders would have received had they exercised the Pre-Funded Warrants immediately prior to such fundamental transaction.

Rights as a Stockholder.
Except by virtue of such holder’s ownership of shares of our common stock, the holder of a Pre-Funded Warrant does not have the
rights or privileges of a holder of our common stock, including any voting rights, until the holder exercises the Pre-Funded Warrant.

<div align='center'>S-18

PLAN OF DISTRIBUTION</div>

Roth Capital Partners, LLC
(the “placement agent”) has agreed to act as our exclusive placement agent in connection with this offering on a
reasonable best efforts