Company: SUNE
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001140361-25-006563
Chunk: 22

Company: SUNation Energy, Inc.
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 22
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15 per Share and accompanying warrants or $1.1490 per Pre-Funded Warrant and accompanying warrants. Accordingly, we are seeking stockholder approval of the following:

| • | the potential issuance in accordance with Nasdaq listing rule 5635(d), of 20% or more of our outstanding shares of Common Stock including the issuance of the Series A Warrants and the Series B Warrants and subject to the terms of the Series A Warrants and the Series B Warrants, any resulting issuance of shares of Common Stock issuable upon the exercise of the Warrants (the “Warrant Shares”) inclusive of the adjustment provisions of the Series A Warrants and Series B Warrants (including as set forth below); |

| • | to give full effect to the alternate cashless provision pursuant to Section 2(c) of the Series B Warrants; |

| • | to give full effect to the potential adjustment in the exercise price and resulting number of Warrant Shares issuable following a Dilutive Issuance (as defined in each of the Series A Warrants and the Series B Warrants) pursuant to Section 3(e) of the Series A Warrants and the Series B Warrants; and |

| • | to give full effect to the potential adjustment in the exercise price and resulting number of Warrant Shares issuable following an Issue Date Adjustment (as defined in each of the Series A Warrants and the Series B Warrants) pursuant to Section 3(f) of the Series A Warrants and the Series B Warrants. |

Background On February 27, 2025, SUNation Energy, Inc. entered into a placement agent agreement (the “Placement Agent Agreement”) with Roth Capital Partners, LLC pursuant to which the Company agreed to sell and issue, on a reasonable best efforts registered direct offering of (i) a combination of 17,391,306 Shares and Pre-Funded Warrants, (ii) 17,391,306 Series A Warrants, and (iii) 17,391,306 Series B Warrants. The Offering was made pursuant to that certain Registration Statement on Form S-3, as amended (File No. 333-267066), which was originally filed on August 25, 2022, and declared effective by the Securities and Exchange Commission on September 22, 2022, including the Prospectus contained therein and a prospectus supplement dated February 27, 2025, filed with the Securities and Exchange Commission on February 27, 2025.