Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 11

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 11
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 to decline.

The Common Stock offered hereby will be sold in “at the market offerings,” and investors who buy shares at different times will likely pay different prices.

Investors who purchase shares in this offering
at different times will likely pay different prices, and so may experience different outcomes in their investment results. We will have
discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold, and there is no minimum or maximum sales
price. Investors may experience a decline in the value of their shares as a result of share sales made at prices lower than the prices
they paid.

You may experience future dilution as a result of future equity offerings and other issuances of our Common Stock or other securities, including securities that are exercisable for or convertible into Common Stock. In addition, this offering and future equity offerings and other issuances of our Common Stock or other securities may adversely affect our Common Stock price.

In order to raise additional capital, we may in
the future offer additional shares of our Common Stock or other securities convertible into or exchangeable for our Common Stock at prices
that may not be the same as the price per share in this offering. We may not be able to sell shares or other securities in any other
offering at a price per share that is equal to or greater than the price per share paid by investors in this offering, and investors
purchasing shares or other securities in the future could have rights superior to existing stockholders. The price per share at which
we sell additional shares of our Common Stock or securities convertible into Common Stock in future transactions may be higher or lower
than the price per share in this offering. You will incur dilution upon exercise of any outstanding stock options, warrants or upon the
issuance of shares of Common Stock under our stock incentive programs. In addition, the sale of shares in this offering and any future
sales of a substantial number of shares of our Common Stock in the public market, or the perception that such sales may occur, could
adversely affect the price of our Common Stock. We cannot predict the effect, if any, that market sales of those shares of Common Stock
or the availability of those shares of Common Stock for sale will have on the market price of our Common Stock.

You may experience immediate and substantial dilution in the book value per share of the Common Stock you purchase.

Because the price per share of our Common Stock
being offered is substantially higher than the as adjusted net tangible book value per