Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 39

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 39
---
 or make other distributions to our stockholders; |

| ● | make restricted payments; |

| ● | incur liens; |

| ● | engage in transactions with affiliates; |

| ● | modify certain material contracts; and |

| ● | enter into business combinations without consent and/or approval. |

Such restrictions could limit our ability to obtain
future financing, make acquisitions, fund needed capital expenditures, withstand economic downturns in our business or the economy in
general, conduct operations or otherwise take advantage of business opportunities that may arise. At the same time, the covenants in the
instruments governing our indebtedness may not provide investors with protections against transactions they may deem undesirable.

If our cash flows or the net proceeds from an offering
prove inadequate to eliminate and/or service our debt and provide for our other obligations, we may be required to refinance all or a
portion of our existing debt or future debt at terms unfavorable to us. Our ability to make payments on and refinance our debt and other
financial obligations and to fund our capital expenditures and acquisitions will depend on our ability to generate substantial operating
cash flow. This will depend on our future performance, which will be subject to prevailing economic conditions and to financial, business
and other factors beyond our control.

In addition, our debt obligations may require us
to repay or refinance our obligations when they come due. If our cash flows were to prove inadequate to meet our debt service, rental
and other obligations in the future, we may be required to refinance all or a portion of our existing or future debt, on or before maturity,
to sell assets or to obtain additional financing. We cannot give assurance that we will be able to refinance any of our indebtedness,
sell any such assets, or obtain additional financing on commercially reasonable terms or at all.

We are not currently paying dividends and will likely continue not paying cash dividends on our common stock for the foreseeable future.

We have never paid cash dividends on our common
stock and do not anticipate paying any cash dividends on our common stock for the foreseeable future. Investors should not rely on an
investment in us if they require income generated from dividends paid on our capital stock. Any income derived from our common stock may
only come from a rise in the market price of our common stock, which is uncertain and unpredictable.

<div align='center'>7

WHERE YOU CAN FIND MORE INFORMATION</div>

We are subject to the information reporting requirements
of the Securities Exchange Act of 1934, as amended (the “