SUNation Energy, Inc. Enters into At-the-Market Sales Agreement

SUNation Energy, Inc. has entered into a Sales Agreement with Maxim Group, LLC, allowing Maxim Group to act as the Company's sales agent for the offering and sale of its common stock. The agreement permits the sale of up to $3,599,586 worth of shares through "at the market offerings." Sales will be conducted under the Company's existing shelf registration statement on Form S-3. SUNation Energy is not obligated to sell any shares and cannot guarantee the amount or price of any sales. The agreement allows for the suspension of the offering under certain circumstances. SUNation Energy will pay Maxim Group a commission of up to 3.0% of gross proceeds and reimburse legal fees up to $50,000. The company has made customary representations and warranties and agreed to indemnify the sales agent against certain liabilities. The legal opinion from Rimon P.C. confirms the validity of the shares to be issued.