Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 10

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 10
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 accompanying prospectus for a discussion of certain factors you should carefully consider before deciding to invest in shares of       
 our Common.                                                                                                                            |

The number of shares of Common Stock to be outstanding after this offering, as reflected above, is based on 3,406,614 shares of Common Stock outstanding at August 15, 2025, and excludes the following:

| ● | 63                                                                         
 shares of Common Stock issuable pursuant to our 2022 Equity Incentive Plan |

| ● | 2                                                                                 
 shares of Common Stock issuable pursuant to our 2022 Employee Stock Purchase Plan |

| ● | 2                                                                          
 shares of Common Stock issuable pursuant to our SUNation Inducement Grants |

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RISK FACTORS</div>

You should carefully consider the risks described below before making an investment decision. The risks described below are not the only ones we face, and are in addition to the risk factors set forth in our annual report on Form 10-K and in our quarterly reports on Form 10-Q. Additional risks we are not presently aware of or that we currently believe are immaterial or very preliminary may also impair our business operations, financial condition or results of operations. Our business, financial condition or results of operations could be harmed by any of these risks. The trading price of our Common Stock could decline due to any of these risks, and you may lose all or part of your investment. In assessing these risks, you should also refer to the risk factors and other information contained or incorporated by reference into this prospectus supplement and the accompanying prospectus, specifically including the risk factors contained in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as filed with the SEC, which are incorporated in this prospectus by reference in their entirety, as well as any amendment or updates to our risk factors reflected in subsequent filings with the SEC, including any current reports and free writing prospectus that we may authorize for use in connection with this offering.

Risks Related to This Offering

Management will have broad discretion as to the use of the proceeds from this offering, and we may not use the proceeds effectively.

Our management will have broad discretion in the
application of the net proceeds from this offering and could spend the proceeds in ways that do not improve our results of operations
or enhance the value of our Common Stock. Our failure to apply these funds effectively could have a material adverse effect on our business
and cause the price of our Common Stock