Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 92

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 92
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|:------------|------:|:----|:---------------|
| March 28, 2022 |     |             | 2,352,936 |     |             | 2,352,936 |     | $           | 13.60 |     | March 28, 2027 |

The exercise price of our outstanding warrants
is subject to adjustment if, after September 15, 2021, we issue, sell, publicly announce the contemplated issuance or sale of, or are
deemed to have issued or sold, any shares of common stock for a consideration per share less than a price equal to the exercise price
in effect immediately prior to such issuance or sale or deemed issuance or sale. In the case of any such dilutive issuance, the exercise
price then in effect will be reduced to an amount equal to the lesser of the consideration per share in such dilutive issuance and the
lowest volume weighted average price (“VWAP”) of our common stock on any trading day during the five trading days immediately
following the public announcement of the execution of the dilutive issuance. Additionally, the number of warrant shares issuable under
an outstanding warrant will be increased such that the aggregate exercise price payable under the warrant, after taking into account the
decrease in the exercise price in connection with the dilutive issuance, will be equal to the aggregate exercise price prior to such adjustment.

An outstanding warrant may be exercised by payment
of the aggregate exercise price in cash or, if the exercise of the warrant occurs after the deadline for effectiveness of the registration
statements required by the registration rights agreement entered into with the warrant holders and a registration statement covering the
issuance or resale of the shares of common stock issuable upon exercise of the warrant is not available for the issuance or resale, by
a cashless exercise in which the holder will receive a net number of shares of common stock upon exercise.

The outstanding warrants contain a call provision
under which we may call for cancellation of all or any portion of a warrant for which an exercise notice has not yet been delivered for
consideration equal to $0.001 per warrant share. This call right may be exercised by us upon proper notice only if:

| ● | the VWAP of our common stock for each of 10 consecutive trading days exceeds 300% of the then current exercise price; |

| ● | the average daily dollar volume for such 10 consecutive trading day measurement period exceeds $5,000,000 per trading day; and |

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