Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 12

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 12
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-year period with a cumulative ratio of 250 shares or more to one.. Instead, the Company is offered an
opportunity to appeal any deficiency related to a delisting determination to Nasdaq within seven days from receipt of the non-compliance
notice. Accordingly, unless the Company timely requests a hearing before a Hearings Panel, the Company’s securities would be subject
to suspension/delisting. The Company intends to timely request a hearing before the Hearing Panel. While the hearing request will automatically
stay any suspension or delisting action pending the hearing and the expiration of any additional extension period if granted by the Panel
following the hearing, there can be no assurance that the Panel will grant the Company an additional extension period or that the Company
will ultimately regain compliance with all applicable requirements for continued listing on The Nasdaq Capital Market. Additionally, to
this end, the stockholders of the Company had approved a share consolidation on April 3, 2025 that has been effectuated within the discretion
of the board of directors of the Company and, if such action ultimately resolves the above noted Nasdaq listing compliance deficiency
prior to such hearing date, then we may be mooted out of the hearing; however, there can be no assurance that this action by us will result
in regaining compliance with the deficiency for a sufficiently long period, or that the we may be delisted despite taking all such remedial
actions to avoid such a negative result.

Our substantial level of indebtedness and our current liquidity constraints could adversely affect our financial condition and our ability to service our indebtedness, which could negatively impact your ability to recover your investment in the common stock.

We have a substantial amount of indebtedness, which
requires significant interest payments. Our substantial level of indebtedness and the current constraints on our liquidity could have
important consequences, including the following:

| ● | we must use a substantial portion of our cash flow from operations to pay interest and principal on our indebtedness, which reduces or will reduce funds available to us for other purposes such as working capital, capital expenditures, other general corporate purposes and potential acquisitions; |
| ● | our ability to refinance such indebtedness or to obtain additional financing for working capital, capital expenditures, acquisitions or general corporate purposes may be impaired;                                                                                                                     |

| ● | our leverage may be greater than that of some of our competitors, which may put us at a competitive disadvantage and reduce our flexibility in responding to current and changing industry and financial market conditions; and |

| ● | we may be more