Company: SUNE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0001140361-25-007723
Chunk: 21

Company: SUNation Energy, Inc.
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 21
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 tax advisors regarding the allocation of the tax basis and holding period of such shares.

THE FOREGOING IS INTENDED ONLY AS A SUMMARY OF CERTAIN FEDERAL INCOME TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT, AND DOES NOT CONSTITUTE A TAX OPINION. EACH HOLDER OF OUR COMMON STOCK SHOULD CONSULT ITS OWN TAX ADVISOR REGARDING THE TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT TO THEM AND FOR REFERENCE TO APPLICABLE PROVISIONS OF THE CODE .

**Interests of Officers and Directors in this Proposal

Our officers and directors do not have any substantial interest, direct or indirect, in this proposal.**

#### Vote Required
Approval of Proposal No. 2 requires the affirmative vote of the majority of the votes cast on this proposal. Abstentions are not considered votes cast and will have no effect on the outcome of Proposal No. 2.

#### Voting Recommendation
The Board unanimously recommends a vote “

#### FOR
” Proposal 2.

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TABLE OF CONTENTS

PROPOSAL 3 TO AUTHORIZE, FOR PURPOSES OF COMPLYING WITH NASDAQ STOCK MARKET LISTING RULE 5635(d), THE ISSUANCE OF SERIES A WARRANTS, SERIES B WARRANTS, SHARES OF OUR COMMON STOCK UNDERLYING THE SERIES A WARRANTS AND SERIES B WARRANTS, AND CERTAIN PROVISIONS OF SUCH WARRANTS, ISSUED IN CONNECTION WITH AN OFFERING AND SALE OF SECURITIES OF THE COMPANY THAT WAS CONSUMMATED ON FEBRUARY 27, 2025 On February 27, 2025, we entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (each, an “Investor” and, collectively, the “Investors”) for the purchase and sale of an aggregate of $15 million in securities in a first closing consisting of (i) 1,965,000 shares of Common Stock (the “Shares”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 11,078,480 Shares (the “Pre-Funded Warrant Shares”), and an aggregate of $5 million in securities in a second closing consisting of (x) 4,347,826 Shares or Pre-Funded Warrants, (y) series A warrants to purchase up to 17,391,306 shares of Common Stock (the “Series A Warrants”), and (z) series B warrants