Company: SUNE
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029179
Chunk: 36

Company: SUNation Energy, Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 36
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 in this offering. The terms of this offering were subject to market conditions and
negotiations between us and prospective investors in consultation with the placement agent. The placement agent will have
no authority to bind us. We will enter into a securities purchase agreement directly with the institutional investors, at the
investor’s option, who purchase our securities in this offering. Investors who do not enter into a securities purchase
agreement shall rely solely on this prospectus supplement in connection with the purchase of our securities in this offering. The
placement agent may engage one or more sub-placement agents or selected dealers to assist with the offering.

Fees and Expenses

We have agreed to pay the
placement agent a total cash fee equal to 7.50% of the gross proceeds of this offering at each closing of this offering. The below table represents the total cash fee we agreed to pay to the placement agent for both the first and second part of this two-part
offering.

|                                  |     | Per Share |         |     | Per                
 Pre-Funded Warrant |          |     | Total |               |
|:---------------------------------|:----|:----------|--------:|:----|:-------------------|---------:|:----|:------|--------------:|
| Offering price                   |     | $         |    1.15 |     | $                  |    1.149 |     | $     | 19,988,923.42 |
| Placement agent fees (7.5%)      |     | $         | 0.08625 |     | $                  | 0.086175 |     | $     |  1.499.169.26 |
| Proceeds, before expenses, to us |     | $         | 1.06375 |     | $                  | 1.062825 |     | $     | 18.489.754.16 |

We have reimbursed the placement agent for expenses
(with supporting invoices/receipts) an aggregate of $125,000 for both closings of this offering. We estimate the total offering expenses
of this offering that will be payable by us, excluding the placement agent fees, will be approximately $355,000. We received net proceeds
from the first closing of the offering of $13.5 million after deducting placement agent fees and other estimated offering expenses payable
by us for related to such first closing. We estimate that the net proceeds to us from this second closing of the offering will be