Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 28

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 28
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 timely, a stockholder’s notice must be delivered to and received by the secretary at our principal executive offices not later
than the close of business on the 90th day nor earlier than the close of business on the 120th day, prior to the anniversary of the preceding
year’s annual meeting. However, in the event no annual meeting was held in the previous year or the annual meeting is called for
a date that is not within 30 days before or after such anniversary date, notice by the stockholder to be timely must be so received not
later than the close of business on the 10th day following the day on which such notice of the date of the meeting was mailed or public
disclosure of the date of the meeting was made, whichever occurs first. Our bylaws also specify requirements as to the form and content
of a stockholder’s notice. These provisions may preclude our stockholders from bringing matters before our annual meeting of stockholders
or from making nominations for directors at our meetings of stockholders. These provisions may also discourage or deter a potential acquiror
from conducting a solicitation of proxies to elect the potential acquiror’s own slate of directors or otherwise attempting to obtain
control of our company.

Removal of Directors; Vacancies. Under the
DGCL, unless otherwise provided in the certificate of incorporation, directors serving on a classified board may be removed by the stockholders
only for cause. Our certificate of incorporation provides that directors may only be removed from office only for cause by the affirmative
vote of at least a majority of the total voting power of the outstanding shares of the capital stock of our company entitled to vote in
any annual election of directors or class of directors, voting together as a single class. In addition, our certificate of incorporation
provides that any newly created directorships resulting from an increase in the number of directors and any vacancies on our board of
directors resulting from death, resignation, retirement, disqualification, removal or other cause will be filled exclusively by a majority
vote of the directors then in office, even if less than a quorum, or by a sole remaining director, and not by stockholders.

Supermajority Provisions. Our certificate
of incorporation provides that our board of directors is expressly authorized to adopt, amend or repeal our bylaws without a stockholder
vote through the affirmative vote of at least a majority of the board of directors. In addition, our bylaws may be adopted, amended or
repealed