Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 12

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 12
---
 and grid services solutions. Our strategy is focused on acquiring, integrating, and growing leading
local and regional solar, storage, and energy services companies nationwide.

Today, we are primarily engaged in the sale, design,
and installation of photovoltaic solar energy systems and battery storage systems through our Hawaii-based Hawaii Energy Connection and
New York-based SUNation entities. We install systems that provide clean, reliable solar energy typically at savings relative to traditional
utility offerings. Our primary customers are residential homeowners, commercial owners, municipal and institutional customers, as well
as owners of pre-existing photovoltaic and energy storage systems that are in need of service.

Corporate Information

We are currently a Delaware corporation, initially
organized in 1969, that operates directly and through our subsidiaries located in the United States (“U.S.”). On November
4, 2024, we held a special meeting of our stockholders, at which our stockholders voted on three proposals: a proposal to re-domesticate
the Company from Minnesota to Delaware, to change our Company name to SUNation Energy, Inc. and on an adjournment proposal, each of which
was approved by our stockholders pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended. On November 14, 2024, we
filed articles of conversion with the Secretary of State of the State of Minnesota and filed a certificate of conversion with the Secretary
of State of the State of Delaware changing the Company’s jurisdiction of incorporation from Minnesota to Delaware (the “Reincorporation”),
as well as having filed a Certificate of Incorporation with the Secretary of State of the State of Delaware on this same date. In addition
to the Reincorporation, the Company also effectuated a change to its name from Pineapple Energy Inc. to SUNation Energy, Inc. (the “Name
Change”), as reflected on the certificate of incorporation and bylaws, the forms of which are included as exhibits 3.1 and 3.2,
respectively, to our form 8-K filed with the Commission and effective on November 19, 2024. Additionally, in conjunction with the Reincorporation
and Name Change, the Company has also determined to change its ticker stock symbol on the Nasdaq Capital Market from PEGY to SUNE, effective
November 19, 2024.

As a result of the Reincorporation, pursuant to
the Delaware General Corporation Law (the “DGCL