Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 35

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 35
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 funds for
our operations, to finance acquisitions, repay existing debt or to develop strategic relationships by issuing equity or convertible debt
securities, which would reduce the percentage ownership of our existing stockholders. Our board of directors has the authority, without
action or vote of the stockholders, to issue all or any part of our authorized but unissued shares of common or preferred stock. Following
our recent shareholder approval, our amended and restated certificate of incorporation authorizes us to issue up to 1,000,000,000 shares
of common stock and 3,000,000 shares of preferred stock. Future issuances of common or preferred stock would reduce your influence over
matters on which stockholders vote and would be dilutive to earnings per share. In addition, any newly issued preferred stock could have
rights, preferences and privileges senior to those of the common stock. Those rights, preferences and privileges could include, among
other things, the establishment of dividends that must be paid prior to declaring or paying dividends or other distributions to holders
of our common stock or providing for preferential liquidation rights. These rights, preferences and privileges could negatively affect
the rights of holders of our common stock, and the right to convert such preferred stock into shares of our common stock at a rate or
price that would have a dilutive effect on the outstanding shares of our common stock.

We may issue additional common stock resulting in stock ownership dilution.

As of April 21, 2025, we had 3,364,000 shares of
common stock outstanding (excluding exercise of any remaining outstanding warrants) and there were one additional share reserved for issuance
upon the settlement of outstanding restricted stock units, 62 shares available for grant under the 2022 Equity Incentive Plan, and two
shares available for issuance under the 2022 Employee Stock Purchase Plan.

Additionally, our Series A Warrants contain exercise
price adjustments, which, if triggered, may cause substantial dilution. If the market price is less than the exercise price of the Series
A Warrants, then the exercise price of the warrants will be reduced to the market price and the number of shares issuable upon exercise
will be proportionately adjusted such that the aggregate price will remain unchanged, provided, however, the adjusted exercise price shall
not be less than the Nasdaq compliant floor price set forth therein. In addition, if, while the common warrants are outstanding, we issue
or sell, or are deemed to have issued or sold, any