secwatch.observer — SEC 8-K summary
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Issuer:     SUNPOWER CORP (—)
CIK:        0000867773
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000867773-23-000137
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SunPower subsidiary obtains temporary waiver of $65.3M debt default; regains Nasdaq listing compliance
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- SPWR RIC Borrower entered Fourth Amendment waiving Q3 financials covenant default; ~$65.3M debt subject to acceleration.
- Waiver effective until Jan 19, 2024, covers quarterly reporting default and restatement-related defaults.
- Amendment adds cross-default tied to waivers under Bank of America senior secured facility.
- Nasdaq confirmed compliance after delayed Q3 10-Q filed Dec 18, 2023; prior Listing Rule matter closed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867773/000086777323000137/0000867773-23-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867773/000086777323000137/spwr-20231222.htm
  HTML page:      https://secwatch.observer/filing/0000867773-23-000137

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