Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 99

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 99
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 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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| ● | the holder of the warrant is not in possession of any information that constitutes, or might constitute, material, non-public information which was provided by our company, any of our subsidiaries, or any of their officers, directors, employees, agents or affiliates. |

We may not enter into or be party to a Fundamental
Transaction (as further described below) unless the successor entity to such Fundamental Transaction assumes in writing all of our obligations
under the warrants. In addition, prior to the consummation of any Fundamental Transaction pursuant to which holders of our common stock
are entitled to receive securities, cash, assets or other property with respect to or in exchange for the our common stock, we must make
appropriate provision to ensure that, and any applicable successor entity must ensure that, the warrant holder will thereafter have the
right to receive upon exercise of the warrant at any time after the consummation of such event, shares of common stock or capital stock
of the successor entity or, if so elected by the warrant holder, in lieu of the shares of common stock (or other securities, cash, assets
or other property) issuable upon exercise of the warrant prior to such event, such shares of stock, securities, cash, assets or any other
property whatsoever (including warrants or other purchase or subscription rights) which the warrant holder would have been entitled to
receive upon the consummation of such event or the record date resulting in such event, had the warrant been exercised immediately prior
to such event or the record date such event (without regard to any limitations on exercise of the warrant). In the event of a change of
control, at the request of the warrant holder or at our election delivered before the 60th day after the consummation of such change of
control, we (or the successor entity) will purchase the warrant from the warrant holder