---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-155666"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:54:56.887528+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition amends deal with Complete Solaria; base purchase price $225M plus $10.00 per note share

## Summary
- Base purchase price set at $225,000,000 plus $10.00 per Company Note Conversion Share.
- Sponsor support agreement amended to remove vesting/forfeiture restrictions and revise share assignment for non-redemption and PIPE.
- Three-step merger structure: First Merger, Second Merger into LLC, Additional Merger with Solaria.
- Acquiror to domesticate from Cayman to Delaware prior to closing.
- Carlyle required to join stockholder support agreement; shareholder vote to follow effective registration.

## SEC filing metadata
- accession: 0001193125-23-155666
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523155666/0001193125-23-155666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523155666/d387815d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155666
- JSON: https://secwatch.observer/filing/0001193125-23-155666.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155666.txt

## Key facts
- Material Agreements
  SunPower Inc. amended Amended and Restated Business Combination Agreement with Freedom Acquisition I Corp., Jupiter Merger Sub I Corp., Jupiter Merger Sub II LLC, Complete Solaria, Inc., The Solaria Corporation valued at Base Purchase Price = $225,000,000 + product of $10.00 and Company Note Conversion Shares (effective 2023-05-26).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Freedom Acquisition I Corp., Jupiter Merger Sub I Corp., Jupiter Merger Sub II LLC, Complete Solaria, Inc., The Solaria Corporation
  - Value: Base Purchase Price = $225,000,000 + product of $10.00 and Company Note Conversion Shares
  - Effective: 2023-05-26
  source text: On May 26, 2023, Freedom, First Merger Sub, Second Merger Sub, Complete Solaria and Solaria amended and restated the Business Combination Agreement (the “ Amended and Restated Business Combination Agreement ”) to provide that the Base Purchase Price set forth therein is equal the sum of (i) $225,000,000 and (ii) the product of (x) $10.00 and (y) the Company Note Conversion Shares (as defined in the Amended and Restated Business Combination Agreement) and include other ministerial and conforming changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523155666/0001193125-23-155666-index.htm

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