---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-184254"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:40:15.105490+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition obtains conditional CRSEF consent for Complete Solaria merger; vote July 11

## Summary
- CRSEF conditional consent requires at least $30M deSPAC proceeds, up to $5M cash payment to CRSEF and $10M escrow deposit.
- Special meeting of shareholders scheduled for July 11, 2023; combined entity to trade on Nasdaq as CSLR and CSLR.WS if approved.
- Complete Solaria and CS Solis agreed to revenue, backlog, and minimum cash covenants; currently in compliance.
- Sources and uses of funds updated to include payments contemplated under the CRSEF Amendment.

## SEC filing metadata
- accession: 0001193125-23-184254
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523184254/0001193125-23-184254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523184254/d531627d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-184254
- JSON: https://secwatch.observer/filing/0001193125-23-184254.json
- Plain text: https://secwatch.observer/filing/0001193125-23-184254.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523184254/0001193125-23-184254-index.htm

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