Company: SUNE
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001140361-25-006563
Chunk: 4

Company: SUNation Energy, Inc.
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 4
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 the most updated version of applicable software and plugins. Participants should ensure that they have a strong internet connection wherever they intend to participate in the Special Meeting. Participants should also give themselves plenty of time to log in and ensure that they can hear streaming audio prior to the start of the Special Meeting. We recommend that you log in at least ten minutes before the Special Meeting. What is the purpose of the meeting? At our Special Meeting, shareholders will act upon the matters disclosed in the notice of Special Meeting of Shareholders that accompanies this proxy statement, as follows:

| 1. | Authorized Share Increase Proposal. Amendment to our certificate of incorporation to increase the number of authorized shares of Common Stock from 25,000,000 to 1,000,000,000 (the “Authorized Share Increase Proposal” or Proposal 1); |

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| 2. | Reverse Stock Split Proposal. To grant discretionary authority to the Board to (i) amend our certificate of incorporation to combine outstanding shares of our Common Stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-two hundred (1-for-200), with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the “Reverse Stock Split Proposal” or Proposal 2); |

| 4. | Adjournment Proposal. To approve one or more adjournments of the Special Meeting, if necessary or appropriate, to solicit additional proxies in favor of the Reverse Stock Split Proposal, the Authorized Share Increase Proposal or the Issuance Proposal if there are not sufficient votes at the Special Meeting to approve and adopt the Reverse Stock Split Proposal, the Authorized Share Increase Proposal or the Issuance Proposal (Proposal 4). |

How does the Board recommend that I vote?

| • | The Board of Directors named in this proxy statement recommends a vote FOR the increase in the authorized Common Stock under Proposal 1. |

| • | The Board of Directors named in this proxy statement recommends a vote FOR the reverse stock split under Proposal 2. |

| • | The Board of Directors named in this proxy statement recommends a vote FOR the approval, for purposes of complying with Nasdaq Rule 5635, of the issuance of Warrants, shares of Common Stock underlying the Warrants