Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 41

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 41
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 of $125,000 payable immediately upon the first Closing of this
offering, but also inclusive of any second closing matters. We estimate the total offering expenses of this offering that will be payable
by us, excluding the placement agent fees, will be approximately $355,000. We estimate that the net proceeds to us from the first closing of this
offering will be $13.5 million after deducting placement agent fees and other estimated offering expenses payable by us for related to
such first closing. Assuming the consummation of the second closing of the offering,
we estimate that the net proceeds to us from the second closing of this offering will be $4.6 million after deducting placement agent
fees and other estimated offering expenses payable by us for related to such second closing.

Determination of Offering Price

The public offering price
and the exercise prices and other terms of the warrants were negotiated between us and the investors, in consultation with the placement
agent based on the trading of our common stock prior to this offering, among other things. Other factors considered in determining the
public offering prices of the securities we are offering and the exercise prices and other terms of the warrants include the history and
prospects of our company, the stage of development of our business, our business plans for the future and the extent to which they have
been implemented, an assessment of our management, general conditions of the securities markets at the time of the offering and such other
factors as were deemed relevant. The combined public offering price per share (or Pre-Funded Warrant) and common warrants will be fixed
for the duration of this offering.

Indemnification

We have agreed to indemnify
the placement agent against certain liabilities, including certain liabilities arising under the Securities Act, or to contribute to payments
that the placement agent may be required to make for these liabilities.

<div align='center'>S-19</div>

Regulation M

The placement agent may be
deemed to be underwriters within the meaning of Section 2(a)(11) of the Securities Act and any fees received by them and any profit realized
on the sale of the securities by them while acting as principal might be deemed to be underwriting discounts or commissions under the
Securities Act. The placement agent will be required to comply with the requirements of the Securities Act and the Exchange Act of 1934,
as amended (the “Exchange Act”), including, without limitation, Rule 10b-5 and Regulation M under the