Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 18

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 18
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 or exercise of the common warrants being offered in this offering and
after deducting the placement agent fees and commissions and estimated offering expenses payable by us, you may incur immediate dilution
in pro forma as adjusted net tangible book value. As a result of the dilution to investors purchasing securities in this offering, investors
may receive significantly less than the purchase price paid in this offering, if anything, in the event of the liquidation of our company.
See the section entitled “Dilution” below for a more detailed discussion of the dilution you will incur if you participate
in this offering. To the extent shares are issued under outstanding options and warrants at exercise prices lower than the public offering
price of our common stock in this offering, you will incur further dilution.

Your ownership may be diluted if additional capital stock is issued to raise capital, to finance acquisitions or in connection with strategic transactions.

We intend to seek to raise additional funds for
our operations, to finance acquisitions or to develop strategic relationships by issuing equity or convertible debt securities in addition
to the securities issued in this offering, which would reduce the percentage ownership of our existing stockholders. Our board of directors
has the authority, without action or vote of the stockholders, to issue all or any part of our authorized but unissued shares of common
or preferred stock. Our amended and restated certificate of incorporation authorizes us to issue up to 25,000,000 shares of common stock
and 3,000,000 shares of preferred stock. Future issuances of common or preferred stock would reduce your influence over matters on which
stockholders vote and would be dilutive to earnings per share. In addition, any newly issued preferred stock could have rights, preferences
and privileges senior to those of the common stock. Those rights, preferences and privileges could include, among other things, the establishment
of dividends that must be paid prior to declaring or paying dividends or other distributions to holders of our common stock or providing
for preferential liquidation rights. These rights, preferences and privileges could negatively affect the rights of holders of our common
stock, and the right to convert such preferred stock into shares of our common stock at a rate or price that would have a dilutive effect
on the outstanding shares of our common stock.

In addition, we will be required to seek stockholder
approval with respect to the issuance of and the price reset features in the common warrants issuable in this offering.

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