Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 31

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 31
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 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 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). However, if such adjustment would
otherwise result in an increase in the exercise price hereunder, no adjustment shall be made.

Cashless Exercise.
If, at any time after the holder’s purchase of Series A Warrants, such holder exercises its Series A Warrants and the registration
statement registering the issuance of the shares of common stock underlying the Series A Warrants under the Securities Act is not then
effective or available (or a prospectus is not available for the resale of shares of common stock underlying the Series A Warrants), then
in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price,
the holder shall instead receive upon such exercise (either in whole or in part) only the net number of shares of common stock determined
according to a formula set forth in the Series A Warrants. Notwithstanding anything to the contrary, in the event we do not have or maintain
an effective registration statement, there are no circumstances that would require us to make any cash payments or net cash settle
the Series A Warrants to the holders.

<div align='center'>S-14</div>

Transferability. Subject
to applicable laws, the Series A Warrants may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender
of the Series A Warrants to us together with the appropriate instruments of transfer.

Exchange Listing. We
do not plan on applying to list the Series A Warrants on the Nasdaq Capital Market, any other national securities exchange or any
other nationally recognized trading system.

Fundamental Transactions.
In the event of a fundamental transaction, as described in the Series A Warrants and generally including any reorganization, recapitalization
or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets,
our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person
or group becoming