Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 32

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 32
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 the beneficial owner of 50% of the voting power represented by our outstanding common stock, the holders of the Series
A Warrants will be entitled to receive upon exercise of the Series A Warrants the kind and amount of securities, cash or other property
that the holders would have received had they exercised the Series A Warrants immediately prior to such fundamental transaction. In the
case of certain fundamental transactions affecting us, a holder of Series A Warrants, upon exercise of such warrants after such fundamental
transaction, will have the right to receive, in lieu of shares of our common stock, the same amount and kind of securities, cash or property
that such holder would have been entitled to receive upon the occurrence of the fundamental transaction, had the Series A Warrants been
exercised immediately prior to such fundamental transaction. In lieu of such consideration, a holder of Series A Warrants may instead
elect to receive a cash payment based upon the Black-Scholes value of their Series A Warrants.

Rights as a Stockholder.
Except by virtue of such holder’s ownership of shares of our common stock, the holder of a Series A Warrant does not have the rights
or privileges of a holder of our common stock, including any voting rights, until the holder exercises the Series A Warrant.

Series B Warrant

Form. The Series B
Warrants will be issued as individual warrant agreements to the investors. You should review the form of Series B Warrant, for a complete
description of the terms and conditions applicable to the Series B Warrants.

Exercisability. Series
B Warrants will be exercisable immediately upon issuance, at the option of each holder, in whole or in part, by delivering to us a duly
executed exercise notice accompanied by payment in full in immediately available funds for the number of shares of our common stock purchased
upon such exercise (except in the case of a cashless exercise as described below). A holder (together with its affiliates) may not exercise
any portion of the Series B Warrant to the extent that the holder would own more than the Beneficial Ownership Limitation, except that
upon at least 61 days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding stock
after exercising the holder’s Series B Warrants up to 9.99% of the number of shares of our common stock outstanding immediately
after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Series