Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 52

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 52
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 be used specifically for any of the foregoing purposes. Accordingly,
our management will have significant discretion and flexibility in applying the net proceeds from the sale of these securities.

We will not receive any proceeds from the sale
of shares of our common stock by the selling stockholders.

<div align='center'>8

SELLING STOCKHOLDERS</div>

The common stock being offered
by the selling stockholders pursuant to this prospectus consists of (1) 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 (2) 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. We previously registered 10,614,239 shares of
our common stock for resale by the selling stockholders (the “Previously Registered Shares”) pursuant to a registration statement
on Form S-3 (Registration Statement No. 333-262893) that was declared effective on March 24, 2022 (the “Previous Registration Statement”).
The 10,614,239 shares of common stock consisted of (1) 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,
(2) 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, and (3) the aggregate 1,202,495 shares of our common stock that may be purchased
by the selling stockholders under certain stock transfer agreements. The number of shares that were registered pursuant to the Previous
Registration Statement was based on our good faith estimate of the maximum number of shares that could be sold by the selling stockholders
at the time of filing. However, because the trading price of our common stock on the Nasdaq Capital Market has decreased since the effective
date of the Previous Registration Statement our good faith estimate of the maximum number of shares that could be issued upon the conversion
of the Series A convertible preferred stock and the exercise