Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 49

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 49
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 exercise of the Series A Warrants the kind and amount of securities, cash or other property that the holders
would have received had they exercised the Series A Warrants immediately prior to such fundamental transaction. In the case of certain
fundamental transactions affecting us, a holder of Series A Warrants, upon exercise of such warrants after such fundamental transaction,
will have the right to receive, in lieu of shares of our common stock, the same amount and kind of securities, cash or property that such
holder would have been entitled to receive upon the occurrence of the fundamental transaction, had the Series A Warrants been exercised
immediately prior to such fundamental transaction. In lieu of such consideration, a holder of Series A Warrants may instead elect to receive
a cash payment based upon the Black-Scholes value of their Series A Warrants.

Rights as a Stockholder. Except by virtue
of such holder’s ownership of shares of our common stock, the holder of a Series A Warrant does not have the rights or privileges
of a holder of our common stock, including any voting rights, until the holder exercises the Series A Warrant.

Additional Warrants

We may issue warrants, including pre-funded warrants,
for the purchase of shares of our common stock or preferred stock or of debt securities. We may issue warrants independently or together
with other securities, and the warrants may be attached to or separate from any offered securities. Each series of warrants will be issued
under a separate warrant agreement to be entered into between us and the investors or a warrant agent. The following summary of material
provisions of the warrants and warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions
of the warrant agreement and warrant certificate applicable to a particular series of warrants. The terms of any warrants offered under
a prospectus supplement may differ from the terms described below. We urge you to read the applicable prospectus supplement and any related
free writing prospectus, as well as the complete warrant agreements and warrant certificates that contain the terms of the warrants.

The particular terms of any issue of warrants will
be described in the prospectus supplement relating to the issue. Those terms may include:

| ● | the number of shares of common stock or preferred stock purchasable upon the exercise of warrants to purchase such shares and the price at which such number of shares may be purchased upon such exercise; |

| ● | the designation, stated value and terms (including, without limitation, liquidation, dividend, conversion and voting rights)