Grojnowski constructs a $S^1$-equivariant cohomology theory over a complex elliptic curve $E$, designed to trivially satisfy: $$E^*_{S^1}(pt) = E$$
The functor $E^*_{S^1}(-)$ takes in a space $X$ with an $S^1$ action, and is stalkwise defined over each point $e \simeq (e_1, e_2)$ in the elliptic curve $E \simeq S^1 \times S^1$, where $X^e := X^{e_1, e_2} = \{ x \in X \text{ s.t. } xe_1 = xe_2 = x \}$.
$$(E^*_{S^1}(X))_{(e)} := H_{S^1}(X^{e})$$
Grojnowski proves that $E^*_{S^1}(X)$ is a sheaf over $E$. More specifically, he proves that $E^*_{S^1}(X)$ is a $\mathbb{Z}/2$-graded sheaf of super-commutative $\mathcal{O}_E$-algebras.
How can we similarly specify such a sheaf on an elliptic curve over $\mathbb{F}_p$?
I understand that over a curve $E$ in positive characteristic, if the curve is disconnected, we just use empty gluing conditions to construct a sheaf over $E$ that is stalkwise $H^*_{S^1}(X^e)$.
However, with such a naive approach it seems like we can't expect to vary the elliptic curve $E$ over [a substack of $M_{ell}$ which has both height 1 and height 2 curves] and have the corresponding cohomology theories $E^*_{S^1}(-)$ which are defined stalkwise over this substack satisfy a sheaf condition.
Here's my question: When we continuously vary the elliptic curve $E$, how does it affect Grojnowksi's construction?
Technical aside and a minor confusion:
It is not possible for $E^*_{S^1}(pt)$ to give us the elliptic curve $E$ in the usual way (as a ring of global functions) for elliptic curves (as examples of projective varieties) don’t have interesting global functions. Presumably to remedy this, Grojnowski builds the sheaf over $E'$, a mild modification of the elliptic curve $E$.
$$E^*_{S^1}(-): \{S^1\text{-spaces}\} \to \{\text{Sheaves over } E'\}$$
where $E'$ is defined as $E$ tensored with the lattice of cocharacters $\text{Hom}_{\text{Grp}}(S^1, T)$ of the compact torus $T = (S^1)^{\times n}$.
$$E' := E \otimes_{\mathbb{Z}} \text{Hom}_{\text{Grp}}(S^1, T)$$
The lattice of cocharacters of $T$ is identified with the $\mathbb{R}$-linear dual of the Lie algebra of $T$. In our case, $T = S^1$, and $\text{Hom}_{\text{Grp}}(S^1, S^1) = \mathbb{Z}$, so $E' := E \otimes_{\mathbb{Z}} \mathbb{Z} = E$. The construction degenerates quite a bit in the $S^1$ case, so how are we still able to recover $E$ from the ring $E^*_{S^1}$?
