---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-058254"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:05:14.428905+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition I Corp. issues up to $2.1M promissory note to sponsor for working capital

## Summary
- Unsecured promissory note of up to $2,100,000 issued to Freedom Acquisition I LLC on Feb 28, 2023.
- Initial draw of $1,600,000; $400,000 available for extension beyond June 2, 2023; $100,000 as needed.
- Note bears no interest, payable in full upon consummation of a business combination.
- Note forgiven if no business combination completed within SPAC's timeline, except for funds outside trust.
- Proceeds used for general working capital purposes.

## SEC filing metadata
- accession: 0001193125-23-058254
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523058254/0001193125-23-058254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523058254/d458401d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-058254
- JSON: https://secwatch.observer/filing/0001193125-23-058254.json
- Plain text: https://secwatch.observer/filing/0001193125-23-058254.txt

## Key facts
- Debt Financings
  SunPower Inc. incurred loan of up to $2,100,000 with Freedom Acquisition I LLC at bears no interest maturing upon the consummation of the Company’s business combination.
  - Instrument: loan
  - Principal: up to $2,100,000
  - Counterparty: Freedom Acquisition I LLC
  - Rate: bears no interest
  - Maturity: upon the consummation of the Company’s business combination
  - Event: incurrence
  source text: On February 28, 2023, Freedom Acquisition I Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the amount of up to $2,100,000 to Freedom Acquisition I LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523058254/0001193125-23-058254-index.htm

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