Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 12

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 12
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 —  — — — —   16,428,430    —   —   16,442,945 Reclassification of PIPE Warrants to equity —   —  —   —  —   —  —   —  — — — —   11,242,257    —   —   11,242,257 

 55

Exchange of Series A Preferred Stock and PIPE Warrants to Series C Preferred Stock —   —  (13,025)   (13,025)  —   —  28,041    28,041   —   —   (15,016)   —   —   —Issuance costs on exchange of Series A Preferred Stock and PIPE Warrants to Series C Preferred Stock —   —  —   —  —   —  —   —  —   —   (156,524)   —   —   (156,524)Conversion of Series C Preferred Stock to Common Stock —   —  —   —  —   —  (28,041)   (28,041)  1,246,262    62,313    (34,272)   —   —   —Issuance of Common Stock on At-the-Market sales, net of issuance costs —   —  —   —  —   —  —   —  448,216    22,410    2,171,063          2,193,473 Cash in lieu payment on fractional shares under reverse stock split —   —  —   —  —   —  —   —  (387)   (19)   (3,003)   —   —   (3,022)Share based compensation —   —  —   —  —   —  —   —  —   —   29,002    —   —   29,002 Other share retirements —   —  —   —  —   —  —   —  (102)   (5)   (38,263)   32,170    —   (6,098)BALANCE AT DECEMBER 31, 2024 — $ —  — $ —  — $ —  — $ —  1,868,638  $ 93,432  $ 51,353,030  $ (42,899,046) $ — $ 8,547