Company: SUNE
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0001213900-25-077989
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Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry Into a Material Definitive
Agreement.

ATM Offering

On
August 18, 2025, SUNation Energy, Inc. (“ SUNation” or the “ Company”) entered into a Sales Agreement (the “ Sales
Agreement”) with Needham & Company, LLC (“ Needham” or the “ Sales Agent”). Pursuant to the Sales Agreement,
the Sales Agent will act as the Company’s agent with respect to an offering and sale, at any time and from time to time, of the
Company’s common stock, par value per share $.05 (the “ Shares”). The Company has authorized the sale, at its discretion,
of Shares in an aggregate offering amount up to $30,000,000 under the Sales Agreement. Sales of the Shares, if any, will solely be made
in “at the market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended (the “ Securities Act”).
The Sales Agent will use commercially reasonable efforts consistent with normal trading and sales practices.

The
offer and sale of the Shares will be made pursuant to the Company’s shelf registration statement on Form S-3, which was filed with
the Securities and Exchange Commission (“ SEC”) and declared effective on April 29, 2025 (File No. 333-286663, the “ Registration
Statement”), and a related prospectus, as supplemented by a prospectus supplement pursuant to Rule 424(b) under the Securities Act.
We will not make any offers or sales of Shares or any other securities registered thereunder unless and until the Registration Statement
is declared and maintained as effective by the SEC. We are not obligated to make any sales of Shares under the Sales Agreement and no
assurance can be given that we will sell any Shares under the Sales Agreement, or, if we do, as to the price or amount of Shares that
we will sell, or the dates on which any such sales will take place.

The
Company or the Sales Agent, under certain circumstances and upon notice to the other, may suspend the offering of the Shares under the
Sales Agreement. The offering of the Shares pursuant to the Sales Agreement will terminate upon the sale of Shares in an aggregate offering
amount equal to $30,000,000, or sooner if either the Company or the Sales Agent terminates the Sales Agreement.

The
Company will pay the Sales Agent a cash commission in an amount up to 3.0% of the gross proceeds