Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 46

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 46
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 the amount of net proceeds to be used specifically for any of the foregoing purposes. Accordingly,
our management will have significant discretion and flexibility in applying the net proceeds from the sale of these securities.

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DESCRIPTION OF SECURITIES</div>

The following summary of the general terms and
provisions of our capital stock does not purport to be complete. We encourage you to read our certificate of incorporation, bylaws, and
the DGCL for additional information.

Authorized Shares of Capital Stock

As of the date hereof, our authorized shares of
capital stock is 1,000,000,000 shares of common stock, par value $0.05 per share and 3,000,000 shares of preferred stock, $1.00 par value
per share. We currently have no shares of preferred stock issued or outstanding

As of April 21, 2025, we had 3,364,000 shares of
common stock outstanding (excluding exercise of any remaining outstanding warrants).

Authorized but Unissued Preferred Stock

Unless required by law or by any stock exchange
on which our common stock may be listed, the authorized shares of preferred stock will be available for issuance without further action
by our stockholders. Delaware law does not require stockholder approval for any issuance of authorized shares. However, under applicable
Nasdaq Listing Rules, a company must not, subject to specified exceptions, without the approval of its stockholders, issue or agree to
issue, any equity securities, or other securities with rights to convert into equity at a price that is less than the Minimum Price (as
defined in Nasdaq Rule 5636(d)(1)) if the number of those securities exceeds 19.99% of the number of shares issued and outstanding at
the commencement of such offering.

Our certificate of incorporation authorizes our
board of directors to provide, out of the unissued shares of preferred stock, for one or more series of preferred stock and, with respect
to each such series, to fix the number of shares constituting such series and the designation of such series, the voting powers, if any,
of the shares of such series, and the preferences and relative, participating, optional or other special rights, if any, and any qualifications,
limitations or restrictions thereof, of the shares of such series.

The existence of unissued and unreserved common
stock or preferred stock may enable our board of directors to issue shares to persons friendly to current management, which could render
more difficult