Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 73

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 73
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 price shall not be less than twenty percent of the “Minimum Price”
under Nasdaq rules (subject to adjustment for reverse and forward stock splits, recapitalizations and similar transactions following the
issue date of the Series A Warrants (the “Issue Date”)).

Provided the lowest volume weighted average price
(“VWAP”) of the common stock during the period commencing five consecutive trading days immediately preceding the Issue Date
and ending five consecutive trading days immediately after the Issue Date (the “Event Market Price”) (such period, subject
to the terms of the related warrant agreement, shall be the “Issue Date Adjustment Period”) is less than the exercise price
then in effect, then at the close of trading on the primary trading market on the last day of the Issue Date Adjustment Period, the exercise
price then in effect on such fifth trading day shall be reduced to the Event Market Price and the number of shares issuable upon exercise
will be proportionately adjusted such that the aggregate price will remain unchanged; provided that the adjusted exercise price shall
not be less than twenty percent of the “Minimum Price” under Nasdaq rules (subject to adjustment for reverse and forward stock
splits, recapitalizations and similar transactions following the Issue Date). However, if such adjustment would otherwise result in an
increase in the exercise price hereunder, no adjustment shall be made.

Cashless Exercise. If, at any time after
the holder’s purchase of Series A Warrants, such holder exercises its Series A Warrants and the registration statement registering
the issuance of the shares of common stock underlying the Series A Warrants under the Securities Act is not then effective or available
(or a prospectus is not available for the resale of shares of common stock underlying the Series A Warrants), then in lieu of making the
cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder shall instead
receive upon such exercise (either in whole or in part) only the net number of shares of common stock determined according to a formula
set forth in the Series A Warrants. Notwithstanding anything to the contrary, in the event we do not have or maintain an effective registration
statement, there are no circumstances that would require us to make any cash payments or net cash settle the Series A Warrants to
the holders.

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Transferability. Subject to applicable laws,
the Series A Warrants may be offered for sale, sold, transferred or assigned