Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 13

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 13
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”), the Company has continued its existence under the DGCL as a corporation
incorporated in the State of Delaware. The business, assets and liabilities of the Company and its subsidiaries on a consolidated basis,
as well as its fiscal year, were the same immediately after the Reincorporation as they were immediately prior to the Reincorporation.
In addition, the directors and executive officers of the Company immediately after the Reincorporation were the same individuals who were
directors and executive officers, respectively, of the Company immediately prior to the Reincorporation.

Recent Developments

You can read our most recent developments filed
with the SEC on Form 8-K on February 27, 2025. See also “Incorporation of Certain Information by Reference” in this prospectus
supplement.

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THE OFFERING

| Common stock we are offering        |     | Up to 1,965,000 shares of our common stock on a “reasonable best                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 efforts” basis based on an offering price of $1.15 per share and the series of warrants described below, which was the closing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 price of our common stock as reported on Nasdaq on February 26, 2025.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Pre-Funded Warrants we are offering |     | We are also offering to certain purchasers whose purchase of shares of common stock in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than the Beneficial Ownership Limitation, the opportunity to purchase, if such purchasers so choose, Pre-Funded Warrants to purchase 11,078,480 shares of common stock, in lieu of shares of common stock that would otherwise result in any such purchaser’s beneficial ownership exceeding the Beneficial Ownership Limitation. Each Pre-Funded Warrant is exercisable for one share of our common stock. The purchase price of each Pre-Funded Warrant and common warrants is equal to the price at which a share of common stock and common warrants are being sold to the public in this offering, minus $0.001, and the exercise price of each Pre-Funded Warrant is $0.001 per share. The Pre-Funded Warrants are exercisable immediately and may be exercised at any time until