Company: SUNE
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0001213900-25-058397
Chunk: 0

Company: SUNation Energy, Inc.
Filing Date: 2025-06-26
Form: 8-K
Item: Item 1.02
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Item 1.02

Termination of a Material Definitive Agreement.

As previously reported,
on February 27, 2025, SUNation Energy, Inc. (the “ Company”) entered into a securities purchase agreement (the “ Purchase
Agreement”) with certain institutional investors for the purchase and sale of an aggregate of $15 million in securities in a first
closing consisting of shares of common stock and pre-funded warrants. On April 7, 2025, at the second closing related to the Purchase
Agreement, the Company issued an aggregate of $5 million in securities consisting of shares of Common Stock, Series
A warrants to purchase shares of common stock (the “ Series A Warrants”), and Series B warrants to purchase shares of common
stock (the “ Series B Warrants”) in a registered direct offering.

Subsequent to the second
closing, the Series B Warrants were fully exercised and are no longer outstanding. The Series A Warrants, exercisable for up to an aggregate
652,174 shares of Common Stock, have not been exercised to date. On June 26, 2025, the Company and the holders of the Series A Warrants
mutually agreed to terminate and cancel the Series A Warrants pursuant to the terms thereof in exchange for an aggregate payment to the
Series A Warrant holders of approximately $267,392. In addition, the holders of the Series A Warrants have agreed to amend the Purchase
Agreement by eliminating Section 4.11 thereof, which contained prohibitions on the Company’s utilization of its existing ATM Facility
and certain subsequent equity sales. In connection therewith, the parties mutually agreed to retain the holders’ right until April
21, 2026 to participate, in their discretion and without obligation, in equity offerings, if any, by the Company for up to an aggregate
of 50% of such offering, on the terms determined and offered by the Company. As a result of the foregoing, the Series A Warrants are immediately
null and void and of no further force or effect.

SIGNATUREs

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

  SUNATION ENERGY, INC.                               
  By:                        /s/ James Brennan        
                             James Brennan            
                             Chief Financial Officer