Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 59

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 59
---
 shares of common stock beneficially owned by each selling stockholder as of August 15, 2022. In
accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities and includes
the shares issuable pursuant to securities that are exercisable within 60 days of August 15, 2022. Shares issuable pursuant to securities
are deemed outstanding for computing the percentage of the person holding securities but are not outstanding for computing the percentage
of any other person. The percentage ownership information in the third column is based on the 7,435,586 shares of common stock outstanding
as of August 15, 2022.

The fourth column lists the
shares of common stock being offered by this prospectus by the selling stockholders. In accordance with the terms of a registration rights
agreement with the selling stockholders, this prospectus covers the resale of the sum of:

| ● | 200% of the 2,352,936 shares of our common stock that may be issued upon conversion, at an initial conversion price of $13.60 per share, of the Series A convertible preferred stock issued under the securities purchase agreement; and |

| ● | 200% of the 2,352,936 shares of our common stock that may be issued, at an initial exercise price of $13.60 per share, upon the exercise of warrants issued under the securities purchase agreement. |

<div align='center'>9</div>

For purposes of the fifth
and sixth column, we have assumed that each selling stockholder will have sold all of our common stock covered by this prospectus upon
the completion of the offering. However, the selling stockholders may sell all, some or none of their shares in this offering. See “Plan
of Distribution”.

Under the terms of the Certificate
of Designation with respect to the Series A convertible preferred stock, a selling stockholder may not convert the Series A convertible
preferred stock to the extent such conversion would cause such selling stockholder, together with its affiliates and attribution parties,
to beneficially own a number of shares of common stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding common
stock following such conversion, excluding for purposes of such determination shares of common stock issuable upon conversion of shares
of Series A convertible preferred stock which have not been converted and issuable upon exercise of warrants which have not been exercised.
Also, under the warrants, a selling