Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 95

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 95
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the exercise by a holder based on beneficial ownership. Specifically, a holder will be prohibited, subject to certain exceptions, from
exercising a warrant to the extent that immediately prior to or after giving effect to such exercise, the holder, together with its affiliates
and other attribution parties, would own more than 4.99% of the total number of shares of common stock then issued and outstanding, which
percentage may be changed at the holder’s election to a lower percentage at any time or to a higher percentage not to exceed 9.99%
upon 61 days’ notice to us.

Additionally, so long as the warrant remains outstanding,
we are obligated to at all times keep reserved for issuance a number of shares of common stock at least equal to 200% of the maximum number
of shares of common stock as are issuable upon exercise of the outstanding warrants without regard to any limitations on exercise.

Additional Warrants

We may issue warrants for the purchase of shares
of our common stock or preferred stock or of debt securities. We may issue warrants independently or together with other securities, and
the warrants may be attached to or separate from any offered securities. Each series of warrants will be issued under a separate warrant
agreement to be entered into between us and the investors or a warrant agent. The following summary of material provisions of the warrants
and warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of the warrant agreement and
warrant certificate applicable to a particular series of warrants. The terms of any warrants offered under a prospectus supplement may
differ from the terms described below. We urge you to read the applicable prospectus supplement and any related free writing prospectus,
as well as the complete warrant agreements and warrant certificates that contain the terms of the warrants.

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The particular terms of any issue of warrants will
be described in the prospectus supplement relating to the issue. Those terms may include:

| ● | the number of shares of common stock or preferred stock purchasable upon the exercise of warrants to purchase such shares and the price at which such number of shares may be purchased upon such exercise; |

| ● | the designation, stated value and terms (including, without limitation, liquidation, dividend, conversion and voting rights) of the series of preferred stock purchasable upon exercise of warrants to purchase preferred stock; |

| ● | the principal amount of debt securities that may be purchased upon exercise of a debt warrant and the exercise