Company: SUNE
Filing Date: 2025-03-10
Form Type: SCHEDULE 13G
Source: 0000921895-25-000724
Chunk: 0

Company: SUNation Energy, Inc.
Filing Date: 2025-03-10
Form: SCHEDULE 13G
Chunk 0
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 described herein beneficially owned by District 2 CF. 
 Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the: (i) 215,000 shares of Common Stock beneficially owned by Bigger Capital, (ii) shares issuable upon exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (iii) 215,000 shares of Common Stock, beneficially owned by District 2 CF, and (iv) shares issuable upon exercise of Series A Warrants and Series B Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF. 
                                                                 The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities. 
                                                                                                                                                                                                                                                                                                                                                                                                 Prior to market open on March 7, 2025, the Reporting Persons sold the Common Stock, including the shares of Common Stock issuable upon exercise of Pre-Funded Warrants. The Series A Warrants and Series B Warrants are not exercisable as of the date hereof and are subject to a 4.99% beneficial ownership limitation. |
| (b)     |                                                                                                                                                                                                                                                                                                                                                                                                                                                             The following percentages are based on 4,393,587 shares of Common Stock outstanding immediately after the offering based upon the Issuer's Prospectus Supplement filed under Rule 424(b)(5) with the Securities and Exchange Commission on February 27, 2025. 
                                                                                                                                                                                                                                                                 As of the close of business on March 5, 2025, each of Bigger Capital and Bigger GP may be deemed to beneficially own approximately 4.89% of the outstanding shares of Common Stock. Subsequent to March 6, 2025, each of Bigger Capital and Bigger GP