Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 26

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 26
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 adjusting for any other change
in our net tangible book value subsequent to September 30, 2024, our net tangible book value would have been $(0.54) per share. This represents
an immediate increase in net tangible book value of $21.89 per share to our existing stockholders and new investors purchasing securities
at the proposed public offering price will experience a decrease in net tangible book value per share of $1.69 per share. The dilution
figures assume the sale of Pre-Funded Warrants and excludes the proceeds, if any, from the exercise of any common warrants issued
in this offering. The following table illustrates the dilution in net tangible book value per share to new investors as of September 30,
2024:

| Public offering price per share                                                                          
 Historical net tangible book value per share at September 30, 2024                                       |     |   |   1.15 
 (22.43 | ) |
|:---------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|
| Increase in net tangible book value per share to the existing stockholders attributable to this offering |     | $ |  21.89 |   |
| As adjusted net tangible book value per share after this offering                                        |     | $ |  (0.54 | ) |
| Decrease in net tangible book value per share to new investors                                           |     | $ |   1.69 |   |

Based on 940,385 shares of common stock outstanding
as of September 30, 2024. This information is supplied for illustrative purposes only, and will adjust based on the actual offering prices,
the actual number of shares that we offer and sell in this offering and other terms of each sale of shares in this offering.

<div align='center'>S-11

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 25,000,000 shares of common stock, par value $0.05 per share and 3,000,000 shares of preferred stock, $1.00 par value
per share. 35,000 shares of the authorized preferred stock are designated as “Series A Convertible Preferred Stock,” with
a par