Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 65

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 65
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 the Series A convertible
preferred stock, the holder will have the right to receive, for each conversion share that would have been issuable upon such conversion
immediately prior to the occurrence of such Fundamental Transaction (without regard to any beneficial ownership limitation), the number
of shares of common stock of the successor or acquiring corporation or of us, if it is the surviving corporation, and any additional consideration
receivable as a result of such Fundamental Transaction by a holder of the number of shares of common stock for which the Series A convertible
preferred stock is convertible immediately prior to such Fundamental Transaction (without regard to any beneficial ownership limitation).
We must cause any successor entity in a Fundamental Transaction in which we are not the survivor to assume in writing all of the obligations
of us under the CoD. The CoD provides that the consummation of the transactions contemplated by the merger agreement will not be deemed
a Fundamental Transaction. The term Fundamental Transaction has substantially the same meaning as in the warrant issued in the PIPE Offering.

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Common Stock

Holders of our common stock are entitled to one
vote for each share held of record on all matters submitted to a vote of the shareholders and do not have cumulative voting rights. Except
as otherwise provided by law, our amended and restated articles of incorporation or our restated bylaws, matters will generally be decided
by the vote of the holders of a majority of the voting power present in person (which includes attendance by means of remote communication)
or represented by proxy. Our restated bylaws provide that the authorized number of directors will be fixed by the shareholders at each
annual meeting and that either the shareholders or the board of directors may increase or decreases the number of directors. Our board
of directors is not classified.

Holders of our common stock are entitled to receive
dividends declared by our board of directors out of funds legally available for the payment of dividends. In the event of any liquidation,
dissolution or winding-up of our affairs, holders of common stock will be entitled to share ratably in our assets that are remaining after
payment or provision for payment of all of our debts and obligations.

Holders of common stock have no preemptive, conversion
or subscription rights, and there are no redemption provisions applicable to the common stock.

All outstanding shares of our common stock are
fully paid and nonassessable.

The transfer agent and registrar for our common
stock is Equiniti Trust Company, 1110 Centre Point