Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 101

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 101
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 and outstanding shares of common stock, (y) at least 50% of the aggregate ordinary voting power represented by issued and outstanding shares of common stock not held by all such entities as of the date of the securities purchase agreement calculated as if any shares of common stock held by all such entities were not outstanding, or (iii) a percentage of the aggregate ordinary voting power represented by issued and outstanding shares of common stock or other equity securities of sufficient to allow such entities to effect a statutory short form merger or other transaction requiring other shareholders to surrender their common stock without approval of our shareholders. |

The outstanding warrants contain provisions limiting
the exercise by a holder based on beneficial ownership. Specifically, a holder will be prohibited, subject to certain exceptions, from
exercising a warrant to the extent that immediately prior to or after giving effect to such exercise, the holder, together with its affiliates
and other attribution parties, would own more than 4.99% of the total number of shares of common stock then issued and outstanding, which
percentage may be changed at the holder’s election to a lower percentage at any time or to a higher percentage not to exceed 9.99%
upon 61 days’ notice to us.

Additionally, so long as the warrant remains outstanding,
we are obligated to at all times keep reserved for issuance a number of shares of common stock at least equal to 200% of the maximum number
of shares of common stock as are issuable upon exercise of the outstanding warrants without regard to any limitations on exercise.

Additional Warrants

We may issue warrants for the purchase of shares
of our common stock or preferred stock or of debt securities. We may issue warrants independently or together with other securities, and
the warrants may be attached to or separate from any offered securities. Each series of warrants will be issued under a separate warrant
agreement to be entered into between us and the investors or a warrant agent. The following summary of material provisions of the warrants
and warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of the warrant agreement and
warrant certificate applicable to a particular series of warrants. The terms of any warrants offered under a prospectus supplement may
differ from the terms described below. We urge you to read the applicable prospectus supplement and any related free writing prospectus,
as well as the complete warrant agreements and warrant certificates that contain the terms of the warrants.

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The particular terms of any issue of warrants will
be