Company: SUNE
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001140361-25-006563
Chunk: 5

Company: SUNation Energy, Inc.
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 5
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 and certain provisions of the Warrants under Proposal 3. |

| • | The Board of Directors named in this proxy statement recommends a vote FOR one or more adjournments, if necessary, under Proposal 4. |

What happens if we fail to obtain the approval of the Authorized Share Increase Proposal, the Reverse Stock Split Proposal and the Issuance Proposal (collectively, the “Approvals”)? If we do not obtain all of the Approvals at this meeting, we will call a meeting every sixty (60) days thereafter until such time that all of the Approvals are obtained. What are the voting rights of the shareholders? Only holders of shares of Common Stock, as well as any holder of our outstanding Series D Convertible Preferred stock (which shall vote on an as converted basis as a single class with the Common Stock), on the record date are entitled to one vote per share on all matters properly brought before the Special Meeting; however, shareholders on the record date who participated in and purchased securities in the Company’s Offering that closed on February 27, 2025 (related to Issuance Proposal), may not vote their shares purchased in such Offering with respect to Proposal 3, but such holders may vote on all other proposals set forth in this Proxy Statement. Therefore, a total of 2,428,588 votes are entitled to be cast at the meeting with respect to the Issuance Proposal (Proposal 3), and a total of 4,393,588 votes are entitled to be cast at the meeting with respect to all other proposals (Proposals 1, 2 and 4). Who is entitled to vote at the meeting? If you were a shareholder of record at the close of business on February 27, 2025 (the “record date”), you are entitled to vote at the Special Meeting or any adjournments thereof, including any holder of Series D Convertible Preferred Stock, who may vote on an as converted basis as a single class with the Common Stock. As of the record date, 2,428,587 shares of Common Stock and one share of Series D Convertible Preferred Stock are outstanding and eligible to vote on Proposal 3, and 4,393,587 shares of Common Stock and one share of Series D Convertible Preferred Stock were outstanding and eligible to vote on all other Proposals (1, 2 and 4). As provided in the Company’s Certificate of Designation creating the Series D Convertible Preferred Stock, each share of Series D Convertible Preferred