---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-056329"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T18:54:05.406082+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition I Corp. shareholders approve extension to June 2, 2023; 67% of Class A shares redeemed

## Summary
- Shareholders approved extension of business combination deadline from March 2, 2023 to June 2, 2023, with up to three additional monthly extensions to September 2, 2023.
- 23,256,504 Class A ordinary shares redeemed at $10.21 per share, totaling approximately $237.4 million (67.41% of outstanding Class A shares).
- Approximately $114.8 million remains in trust after redemptions, plus a $1.2 million contribution from the lender for the three-month extension.
- The extension amendment and trust agreement amendment were approved by special resolution with 35,047,305 votes for and 326,543 against.
- Company continues to pursue proposed business combination with Complete Solaria, Inc.

## SEC filing metadata
- accession: 0001193125-23-056329
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523056329/0001193125-23-056329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523056329/d465232d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-056329
- JSON: https://secwatch.observer/filing/0001193125-23-056329.json
- Plain text: https://secwatch.observer/filing/0001193125-23-056329.txt

## Key facts
- Material Agreements
  SunPower Inc. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-02-28).
  - Action: amendment
  - Counterparty: Continental Stock Transfer & Trust Company
  - Effective: 2023-02-28
  source text: On February 28, 2023, shareholders of Freedom Acquisition I Corp., a Cayman Islands exempted company (“ Freedom ”), approved an amendment (the “ Trust Amendment ”) to that certain Investment Management Trust Agreement, dated as of February 25, 2021 (the “ Trust Agreement ”), by and between Freedom and Continental Stock Transfer & Trust Company, a New York corporation, as trustee (“ Continental ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523056329/0001193125-23-056329-index.htm
- Shareholder Votes
  SunPower Inc. shareholders approved Proposal to amend the Articles to extend the date by which Freedom must consummate a business combination at the 2023-02-28 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-02-28
  source text: Proposal 1 The Shareholders approved, by special resolution, the proposal to amend the Articles (the “ Extension Amendment ”) to extend the date by which Freedom must (i) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which Freedom refers to as its initial business combination, (ii) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (iii) redeem all of the Class A Ordinary Shares, included as part of the units sold in the IPO, for an additional three months, from March 2, 2023 to June 2, 2023, and thereafter to up to three (3) times by an additional one month each time (or up to September 2, 2023) (the “ Extension ,” such date, the “ Extended Date ,” and such proposal, the “ Extension Amendment Proposal ”), in the form attached as Annex A to the proxy statement dated February 10, 2023, as supplemented (the “ Proxy Statement ”). The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523056329/0001193125-23-056329-index.htm
- Shareholder Votes
  SunPower Inc. shareholders approved Proposal to amend the Trust Agreement to reflect the Extension at the 2023-02-28 meeting.
  - Outcome: passed
  - Meeting: 2023-02-28
  source text: Proposal 2 The Shareholders approved by the affirmative vote of at least sixty-five percent (65%) of the votes cast of the outstanding Ordinary Shares, voting together as a single class, the proposal to amend the Trust Agreement in the form set forth in Annex B of the Proxy Statement, by and between Freedom and Continental, to reflect the Extension. The voting results for such proposal were as follows: For Against Abstain 35,047,305 326,543 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523056329/0001193125-23-056329-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.