---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-157818"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:47:13.584958+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# SPAC Freedom Acquisition I Corp. issues $300K promissory note to sponsor for working capital

## Summary
- Issued unsecured promissory note for up to $300,000 to sponsor Freedom Acquisition I LLC.
- Note bears no interest; principal due upon consummation of a business combination.
- Note will be forgiven if no business combination closed within the company's specified deadline.
- Proceeds used for general working capital purposes; sponsor waives claims against trust account.
- Default triggers include non-payment within 5 business days or bankruptcy events.

## SEC filing metadata
- accession: 0001193125-23-157818
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523157818/0001193125-23-157818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523157818/d500316d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-157818
- JSON: https://secwatch.observer/filing/0001193125-23-157818.json
- Plain text: https://secwatch.observer/filing/0001193125-23-157818.txt

## Key facts
- Debt Financings
  SunPower Inc. incurred loan of up to $300,000 with Freedom Acquisition I LLC at no interest maturing payable in full upon the consummation of the Company's business combination.
  - Instrument: loan
  - Principal: up to $300,000
  - Counterparty: Freedom Acquisition I LLC
  - Rate: no interest
  - Maturity: payable in full upon the consummation of the Company's business combination
  - Event: incurrence
  source text: On May 31, 2023, Freedom Acquisition I Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the amount of up to $300,000 to Freedom Acquisition I LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523157818/0001193125-23-157818-index.htm

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