Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 33

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 33
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 B Warrants.
Purchasers of Series B Warrants in this offering may also elect prior to the issuance of the common warrants to have the initial exercise
limitation set at 9.99% of our outstanding common stock. No fractional shares of common stock will be issued in connection with the
exercise of a Series B Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount
multiplied by the exercise price.

Duration and Exercise Price.
The initial exercise price per whole share of our common stock purchasable upon the exercise of the Series B Warrants would be $2.875
per share of common stock. The Series B Warrants will be exercisable immediately upon issuance. The Series B Warrants may be exercised
for a period expiring 5 years from the initial issuance date.

If, while the Series B Warrants
are outstanding, we issue or sell, or are deemed to have issued or sold, any common stock and/or common stock equivalents other than in
connection with certain exempt issuances, at a purchase price per share less than the exercise price of the Series B Warrants in effect
immediately prior to such issuance or sale or deemed issuance or sale, then simultaneously with the consummation (or, if earlier, the
announcement) of each such issuance or sale or deemed issuance or sale, the exercise price of the Series B Warrants then in effect will
be reduced to an amount equal to the new issuance 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).

<div align='center'>S-15</div>

Provided the lowest 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