Company: SUNE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0001140361-25-007723
Chunk: 16

Company: SUNation Energy, Inc.
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 16
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,000,000 |
| 1-for-5 Reverse Stock Split   |     |                878,718 |     |           159,783,905 |     |      5,000,000 |
| 1-for-50 Reverse Stock Split  |     |                 87,872 |     |            15,978,391 |     |        500,000 |
| 1-for-100 Reverse Stock Split |     |                 43,436 |     |             7,989,196 |     |        250,000 |
| 1-for-200 Reverse Stock Split |     |                 21,718 |     |             3,994,598 |     |        125,000 |

| (1) | These estimates do not reflect the potential effects of the issuance of additional share(s) to round up fractional shares that may result from the Reverse Stock Split. |

| (2) | This column reflects shares issuable under our existing obligations in connection with our common stock warrants, as further described in the Authorized Share Amendment Proposal and Issuance Proposal set forth herein. Unless the Authorized Share Amendment Proposal is approved and implemented, our exercise obligations in connection with the common stock warrants will exceed our total shares authorized. |

| (3) | This column assumes that the Issuance Proposal was approved and resulted in the maximum number of shares that can be issued under the Series A and Series B Warrants, combined, in addition to the then outstanding shares of common stock of the Company on a fully diluted basis. |

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TABLE OF CONTENTS

There are risks associated with the Reverse Stock Split, all of which have been considered by the Board in recommending to the shareholders the Reverse Stock Split Proposal for approval. We cannot predict whether the Reverse Stock Split will increase the market price for our common stock. The history of similar stock split combinations for companies in like circumstances is varied. There is no assurance that:

| • | the market price per share of our common stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of our common stock outstanding before the Reverse Stock Split; |

| • | the Reverse Stock Split will result in a per share price that will attract brokers and investors who do not trade in lower priced stocks; |

| • | the Reverse Stock Split will result in a per share price that will increase the ability of the Company to attract and retain employees; or |

| • | the bid price per share will either exceed, or be