---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-256175"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:09:47.594131+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria sells solar panel business assets to Maxeon for 1.1M shares; president exits

## Summary
- Sold photovoltaic cells, solar module business and IP to Maxeon for 1,100,000 Maxeon ordinary shares on Oct 6, 2023.
- President & GM Vikas Desai resigned effective Oct 6, 2023 concurrent with the closing.
- Maxeon agreed to hire certain Complete Solaria employees as part of the transaction.
- Deal was initially disclosed on Sept 19, 2023; pro forma financials filed as Exhibit 99.1.

## SEC filing metadata
- accession: 0001193125-23-256175
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000119312523256175/0001193125-23-256175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000119312523256175/d544579d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256175
- JSON: https://secwatch.observer/filing/0001193125-23-256175.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256175.txt

## Key facts
- Executive change
  Vikas Desai resigned as President & General Manager, Business Units at SunPower Inc..
  - Action: resigned
  - Role: President & General Manager, Business Units
  source text: Concurrent with the sale of the Purchased Assets, on October 6, 2023, in connection with the Agreement, Vikas Desai, resigned from his position as the Company’s President & General Manager, Business Units.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523256175/0001193125-23-256175-index.htm
- M&A Transactions
  SunPower Inc. completed a disposition involving Maxeon Solar Technologies, Ltd. for 1,100,000 Maxeon ordinary shares (closed 2023-10-06).
  - Action: disposition
  - Counterparty: Maxeon Solar Technologies, Ltd.
  - Consideration: 1,100,000 Maxeon ordinary shares
  - Closing: 2023-10-06
  source text: to the Agreement, the parties consummated the sale, thereby completing the disposition of the Purchased Assets. As consideration for the Purchased Assets, the Company received 1,100,000 Maxeon ordinary shares. The unaudited pro forma combined financial information of the Company as of and for the six months ended June 30, 2023 and for the year ended December 31,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000119312523256175/0001193125-23-256175-index.htm

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