Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 71

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 71
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 indentures permit us to issue debt
securities from time to time and debt securities issued under an indenture will be issued as part of a series that has been established
by us under such indenture.

The senior debt securities will be unsecured and
will rank equally with all of our other unsecured unsubordinated debt. The subordinated debt securities will be unsecured and will rank
equally with all of our other subordinated debt securities and, together with such other subordinated debt securities, will be subordinated
to all of our existing and future Senior Debt (as defined below). See “- Subordination” below.

The debt securities are our unsecured senior or
subordinated debt securities, as the case may be, but our assets include equity in our subsidiaries. As a result, our ability to make
payments on our debt securities may depend in part on our receipt of dividends, loan payments and other funds from our subsidiaries. In
addition, if any of our subsidiaries becomes insolvent, the direct creditors of that subsidiary will have a prior claim on its assets.
Our rights and the rights of our creditors, including your rights as an owner of our debt securities, will be subject to that prior claim,
unless we are also a direct creditor of that subsidiary. This subordination of creditors of a parent company to prior claims of creditors
of its subsidiaries is commonly referred to as structural subordination.

<div align='center'>18</div>

Unless otherwise specified in the applicable prospectus
supplement, we may, without the consent of the holders of a series of debt securities, issue additional debt securities of that series
having the same ranking and the same interest rate, maturity date and other terms (except for the price to public and issue date) as
such debt securities. Any such additional debt securities, together with the initial debt securities, will constitute a single series
of debt securities under the applicable indenture. No additional debt securities of a series may be issued if an event of default under
the applicable indenture has occurred and is continuing with respect to that series of debt securities.

A prospectus supplement relating to a series of
debt securities being offered will include specific terms relating to the offering. These terms will include some or all of the following:

| ● | the title and type of the debt securities; |

| ● | any limit on the total principal amount of the debt securities of that series; |

| ● | the price at which the debt securities will be issued; |

| ● | the