Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 32

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 32
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description of the terms and conditions applicable to the Series A Warrants.

Exercisability. Series
A Warrants will be exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise notice
accompanied by payment in full in immediately available funds for the number of shares of our common stock purchased upon such exercise
(except in the case of a cashless exercise as described below). A holder (together with its affiliates) may not exercise any portion of
the Series A Warrant to the extent that the holder would own more than the Beneficial Ownership Limitation, except that upon at least
61 days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding stock after exercising
the holder’s Series A Warrants up to 9.99% of the number of shares of our common stock outstanding immediately after giving effect
to the exercise, as such percentage ownership is determined in accordance with the terms of the Series A Warrants. Purchasers of Series
A Warrants in this offering may also elect prior to the issuance of the common warrants to have the initial exercise limitation set at
9.99% of our outstanding common stock. No fractional shares of common stock will be issued in connection with the exercise of a Series
A Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied by the exercise
price.

Duration and Exercise Price.
The initial exercise price per whole share of our common stock purchasable upon the exercise of the Series A Warrants would be $1.725
per share of common stock. The Series A Warrants will be exercisable beginning immediately upon issuance. The Series A Warrants may be
exercised for a period expiring 5 years from the initial issuance date.

If, while the Series A Warrants
are outstanding, we issue or sell, or are deemed to have issued or sold, any common stock and/or common stock equivalents other than in
connection with certain exempt issuances, at a purchase price per share less than the exercise price of the Series A Warrants in effect
immediately prior to such issuance or sale or deemed issuance or sale, then simultaneously with the consummation (or, if earlier, the
announcement) of each such issuance or sale or deemed issuance or sale, the exercise price of the Series A Warrants then in effect will
be reduced to an amount equal to the new