Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 51

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 51
---
 or CFO for any purpose or purposes prescribed in a notice of such special meeting.

<div align='center'>16

DESCRIPTION OF DEBT SECURITIES</div>

This section describes the general terms and provisions
of our debt securities, which could be senior debt securities or subordinated debt securities. A prospectus supplement will describe the
specific terms of the debt securities offered through that prospectus supplement and any general terms outlined in this section that will
not apply to those debt securities.

The senior debt securities will be issued under
an indenture, referred to herein as the “senior indenture,” between us and the trustee named in the applicable prospectus
supplement. The subordinated debt securities will be issued under an indenture, referred to herein as the “subordinated indenture,”
between us and the trustee named in the applicable prospectus supplement.

We have summarized the anticipated material terms
and provisions of the senior and subordinated indentures in this section. We have also filed the forms of the indentures summarized in
this section as exhibits to the registration statement of which this prospectus is a part. You should read the applicable indenture for
additional information before you buy any debt securities. The summary that follows includes references to section numbers of the indentures
so that you can more easily locate these provisions.

General

The debt securities will be our direct unsecured
obligations. Neither of the indentures limits the amount of debt securities that we may issue. Both indentures permit us to issue debt
securities from time to time and debt securities issued under an indenture will be issued as part of a series that has been established
by us under such indenture.

The senior debt securities will be unsecured and
will rank equally with all of our other unsecured unsubordinated debt. The subordinated debt securities will be unsecured and will rank
equally with all of our other subordinated debt securities and, together with such other subordinated debt securities, will be subordinated
to all of our existing and future Senior Debt (as defined below). See “- Subordination” below.

The debt securities are our unsecured senior or
subordinated debt securities, as the case may be, but our assets include equity in our subsidiaries. As a result, our ability to make
payments on our debt securities may depend in part on our receipt of dividends, loan payments and other funds from our subsidiaries. In
addition, if any of our subsidiaries becomes insolvent, the direct creditors of that subsidiary