---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-186922"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:22:07.675031+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition I enters financing deals for Complete Solaria deal; $118.8M redemptions elected

## Summary
- Forward Purchase Agreements with Meteora, Polar, and third-party for up to 6.3M Class A shares.
- New Money PIPE: 1.126M shares at $5.00/share for $5.63M; 100k shares issued for structuring services.
- PIPE Financing: 563,000 shares at $10.00/share for $5.63M; Sponsor transfers 5.63M Class B shares.
- Redemptions: 11,243,496 shares elected for ~$10.56/share, totaling ~$118.8M from trust.
- Non-redemption agreement with Polar for 331,753 shares; Sponsor transfers equivalent Class B shares.

## SEC filing metadata
- accession: 0001193125-23-186922
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523186922/0001193125-23-186922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523186922/d530874d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-186922
- JSON: https://secwatch.observer/filing/0001193125-23-186922.json
- Plain text: https://secwatch.observer/filing/0001193125-23-186922.txt

## Key facts
- Material Agreements
  SunPower Inc. entered into Forward Purchase Agreement with Meteora Special Opportunity Fund I, LP, Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, Polar Multi-Strategy Master Fund, and a third-party investor (effective 2023-07-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Meteora Special Opportunity Fund I, LP, Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, Polar Multi-Strategy Master Fund, and a third-party investor
  - Effective: 2023-07-13
  source text: On July 13, 2023, Freedom Acquisition I Corp. (“Freedom”) and Complete Solaria, Inc. (“Complete Solaria”) entered into separate agreements (each a “Forward Purchase Agreement”, and together, the “Forward Purchase Agreements”) with each of (i) Meteora Special Opportunity Fund I, LP (“MSOF”), Meteora Capital Partners, LP (“MCP”) and Meteora Select Trading Opportunities Master, LP (“MSTO”) (with MSOF, MCP, and MSTO collectively as “Meteora”); (ii) Polar Multi-Strategy Master Fund (“Polar”), and (iii) another third-party investor (“Investor”, and each of Meteora, Polar, and Investor, individually, a “Seller”, and together, the “Sellers”) for OTC Equity Prepaid Forward Transactions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523186922/0001193125-23-186922-index.htm

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