Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SunPower Inc. amended Consent to Business Combination Agreement (CRSEF Amendment) with Freedom Acquisition I Corp., Complete Solaria, Inc., CS Solis LLC, CRSEF Solis Holdings, L.L.C. valued at Conditional consent to business combination with potential payments of up to $5,000,000 from deSPAC (effective 2023-07-09).
- Action
- amendment
- Agreement
- merger
- Counterparty
- Freedom Acquisition I Corp., Complete Solaria, Inc., CS Solis LLC, CRSEF Solis Holdings, L.L.C.
- Value
- Conditional consent to business combination with potential payments of up to $5,000,000 from deSPAC
- Effective
- 2023-07-09
Exact text from the filing
Pursuant to the CRSEF Amendment, CRSEF provided its conditional consent to the Business Combination, subject to the satisfaction of certain conditions, which include, among other things: (i) to the extent at least $30,000,000 in funds are available at the closing of the Business Combination in connection with (a) any issuance by Freedom of equity securities in a private placement (including any Freedom PIPE investment) and (b) the balance held in the trust account established in connection with Freedom’s initial public offering after giving effect to Freedom’s public shareholder redemptions (collectively and without duplication, such value the “deSPAC Proceeds”), CS Solis’s full, final and indefeasible payment to CRSEF, and CRSEF’s receipt (as confirmed by CRSEF in writing), of cash in an amount equal to the lesser of (1) $5,000,000 and (2) the difference between the amount of deSPAC Proceeds and $30,000,000, and (ii) a future payment obligation shall have been established for the bene
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