Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 72

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 72
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direct or indirect participants of their obligations under the rules and procedures governing their operations.

Conversion and Exchange

If any offered debt securities are convertible
at the option of the holders or exchangeable at our option, the prospectus supplement relating to those debt securities will include the
terms and conditions governing any conversions and exchanges.

Governing Law

The indentures are, and the debt securities will
be, governed by and will be construed in accordance with New York law.

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DESCRIPTION OF WARRANTS</div>

Outstanding Warrants

As of April 21, 2025, we had 652,174 shares of
the common stock that may be issued upon the exercise of outstanding warrants, all of which are fully exercisable.

Series A Warrant

Exercisability. Series A Warrants are exercisable,
at the option of each holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by payment in full
in immediately available funds for the number of shares of our common stock purchased upon such exercise (except in the case of a cashless
exercise as described below), subject to certain beneficial ownership limitations. No fractional shares of common stock will be issued
in connection with the exercise of a Series A Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to
the fractional amount multiplied by the exercise price.

Duration and Exercise Price. The initial
exercise price per whole share of our common stock purchasable upon the exercise of the Series A Warrants is $46 per share of common stock.
The Series A Warrants may be exercised for a period expiring 5 years from the initial issuance date.

If, while the Series A Warrants are outstanding,
we issue or sell, or are deemed to have issued or sold, any common stock and/or common stock equivalents other than in connection with
certain exempt issuances, at a purchase price per share less than the exercise price of the Series A Warrants in effect immediately prior
to such issuance or sale or deemed issuance or sale, then simultaneously with the consummation (or, if earlier, the announcement) of each
such issuance or sale or deemed issuance or sale, the exercise price of the Series A Warrants then in effect will be reduced to an amount
equal to the new issuance price, and the number of shares issuable upon exercise will be proportionately adjusted such that the aggregate
price will remain unchanged, provided that, the adjusted exercise