Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 36

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 36
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 aggregate price will remain unchanged, provided that, the adjusted exercise price shall not be less than twenty percent
of the “Minimum Price” under Nasdaq rules (subject to adjustment for reverse and forward stock splits, recapitalizations and
similar transactions following the Issue Date).

<div align='center'>S-16</div>

Provided the lowest VWAP of the common stock during
the period commencing five consecutive trading days immediately preceding the Issue Date and ending five consecutive trading days immediately
after the Issue Date (the “Event Market Price”) (such period, subject to the terms of the related warrant agreement, shall
be the “Issue Date Adjustment Period”) is less than the exercise price then in effect, then at the close of trading on the
primary trading market on the last day of the Issue Date Adjustment Period, the exercise price then in effect on such fifth trading day
shall be reduced to the Event Market Price, and the number of shares issuable upon exercise will be proportionately adjusted such that
the aggregate price will remain unchanged; provided that the adjusted exercise price shall not be less than twenty percent of the “Minimum
Price” under Nasdaq rules (subject to adjustment for reverse and forward stock splits, recapitalizations and similar transactions
following the Issue Date). However, if such adjustment would otherwise result in an increase in the exercise price hereunder, no adjustment
shall be made.

Cashless Exercise.
If, at any time after the holder’s purchase of Series B Warrants, such holder exercises its Series B Warrants and the registration
statement registering the issuance of the shares of common stock underlying the Series B Warrants under the Securities Act is not then
effective or available (or a prospectus is not available for the resale of shares of common stock underlying the Series B Warrants), then
in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price,
the holder shall instead receive upon such exercise (either in whole or in part) only the net number of shares of common stock determined
according to a formula set forth in the Series B Warrants. Additionally, the holder may also effect an “alternative cashless exercise”
on or after the Issue Date. In such event, the aggregate number of shares of common stock underlying the Series B Warrants issuable in
such alternative cashless exercise shall equal the product of (x) the aggregate number of shares of common stock underlying the Series
B Warrants that would be issuable upon exercise of the