Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 14

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 14
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 if, while the common 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 common 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 common 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).

In addition, if the Series B Warrants are exercised
by way of an alternative cashless exercise, such exercising holder will receive three shares of common stock for each share of common
stock they would receive in a cash exercise for each Series B Warrant they exercise, without any cash payment to us. As a result, we do
not expect to receive cash proceeds from the exercise of the Series B Warrants.

If any of the above provisions in the common warrants
are utilized, our stockholders may suffer substantial dilution.

We will have broad discretion in how we use the net proceeds of this offering. We may not use these proceeds effectively, which could affect our results of operations and cause our stock price to decline.

Although we currently intend to use the net proceeds
from this offering in the manner described in the section entitled “Use of Proceeds” in this prospectus supplement, we will
have considerable discretion in the application of the net proceeds of this offering. We may use the net proceeds for purposes that do
not yield a significant return or any return at all for our stockholders. The failure by our management to apply these funds effectively,
including in our pursuit of our new bitcoin acquisition strategy, could result in financial losses that could cause the price of our common
stock to decline and delay the development of additional products and services. In addition, pending their use, we may invest the net
proceeds from this offering in a manner that does not produce income or that loses value. If we do not invest or apply the net proceeds