SunPower Inc. (SPWR): debt financing — Freedom Acquisition I Corp. issues $470K unsecured promissory note to sponsor for working capital

SunPower Inc.

Issued $470,000 unsecured promissory note to sponsor Freedom Acquisition I LLC.
Note bears no interest, due upon consummation of business combination.
Note forgiven if business combination not completed within SPAC's deadline (except trust account funds).
Proceeds used for general working capital purposes.
Made under Section 4(a)(2) exemption from registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SunPower Inc. incurred loan of up to $470,000 with Freedom Acquisition I LLC at bears no interest maturing upon the consummation of the Company's business combination.

Instrument: loan
Principal: up to $470,000
Counterparty: Freedom Acquisition I LLC
Rate: bears no interest
Maturity: upon the consummation of the Company's business combination
Event: incurrence

Exact text from the filing

On July 10, 2023, Freedom Acquisition I Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the amount of up to $470,000 to Freedom Acquisition I LLC (the “Payee”).

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7 debt financings filed in the last 30 days. Browse all debt financings →

SunPower Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-185048

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