Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 74

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 74
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 disposition of all or substantially all of the property and assets of the corporation to any person; |

| (b) | any reclassification of securities (including any combination                                                                          
 of shares or reverse stock split), or recapitalization or reorganization of the corporation, or any merger, consolidation or statutory 
 exchange of shares of the corporation or any subsidiary with any other corporation (other than a merger of a wholly owned subsidiary   
 of the corporation into the corporation or the merger of two or more wholly owned subsidiaries of the corporation;                     |

<div align='center'>16</div>

| (c) | the adoption of plan or proposal for the liquidation or dissolution 
 of the corporation; and                                             |

| (d) | any agreement, contract or other arrangement or understanding 
 providing for one or more of the foregoing.                   |

In addition to any affirmative vote required by
law or our amended and restated articles of incorporation, a Business Combination (as defined in the amended and restated articles of
incorporation) requires the affirmative vote of not less than 80% of the votes entitled to be cast by the holders of all then outstanding
shares of voting stock, voting together as a single class. This requirement is not applicable, however, if the particular Business Combination
is either (a) approved by a majority of the Continuing Directors (as defined in our amended and restated articles of incorporation), or
(b) meets specific requirements with respect to price and approval process. Repeal or amendment of this requirement in the amended and
restated articles of incorporation requires affirmative vote of not less than 80% of the votes entitled to be cast by the holders of all
then outstanding shares of voting stock, voting together as a single class.

Provisions of Minnesota Law

The following provisions of the MBCA may have an
effect of delaying, deterring or preventing an unsolicited takeover of us or make an unsolicited takeover of us more difficult.

| ● | MBCA Section 302A.553, (Power to acquire shares) subd 3, limitation                                                                         
 on share purchases prohibits a publicly held corporation such as us from purchasing shares entitled to vote for more than market value      
 from a person that beneficially owns more than 5% of the voting power of the corporation if the shares have been beneficially owned for     
 less than two years unless the purchase or agreement to purchase is approved at a meeting of shareholders by the affirmative vote of        
 the holders of a majority of the voting power of