Company: SUNE
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001403
Chunk: 26

Company: SUNation Energy, Inc.
Filing Date: 2025-01-07
Form: 424B5
Chunk 26
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 in high-quality, short-term, interest-bearing securities.

<div align='center'>A-10

DILUTION</div>

If you invest in our Common Stock, your ownership interest will be diluted to the extent of the difference between the public offering price per share and the as adjusted net tangible book value per share after this offering. The net tangible book value of our Common Stock on September 30, 2024, was approximately $(21.1) million, or approximately $(22.43) per share of Common Stock. We calculate net tangible book value per share by dividing the net tangible book value, which is tangible assets less total liabilities, by the number of outstanding shares of our Common Stock. Dilution with respect to net tangible book value per share represents the difference between the amount per share paid by purchasers of shares of Common Stock in this offering and the as adjusted net tangible book value per share of our Common Stock immediately after this offering.

After giving effect to an assumed sale of 2,913,650 additional shares of our Common Stock pursuant to this prospectus supplement, as amended by this Amendment, and the accompanying prospectus in the aggregate amount of approximately $7.5 million at an assumed price of $2.58 per share, and after deducting commissions and estimated offering expenses payable by us (estimated at $50,000), our as adjusted net tangible book value as of September 30, 2024 would have been approximately $(13.9) million. This represents an immediate increase in net tangible book value of approximately $18.84 per share of Common Stock to our existing stockholders and an immediate dilution in net tangible book value of approximately $6.17 per share to purchasers of our Common Stock in this offering, as illustrated by the following table:

| Assumed                                                                   
 Public offering price per share                                           
 Historical                                                                
 net tangible book value per share as of September 30, 2024                |     |   | (22.43 | ) |     |   |  2.58 |   |
|:--------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|------:|:--|
| Increase                                                                  
 in net tangible book value per share after giving effect to this offering |     | $ |  18.84 |   |     |   |       |   |
| As                                                                        
 adjusted net tangible book value per share after this offering            |     |   |        |   |     | $ | (3