---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-031779"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:38:14.844760+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SPAC sponsor interest sold to NextG, director resigns, new director appointed, $500K promissory note issued

## Summary
- LVS III SPE XLIII LP sold its entire sponsor interest to NextG Tech Limited; all rights/obligations under Letter Agreement assigned.
- Director Jamie Weinstein resigned; Edward Zeng appointed to board effective June 6, 2022.
- Promissory note of up to $500,000 issued to sponsor for working capital, convertible into warrants at $1.50/share.
- Letter Agreement amended to permit advisory fees to China Bridge Capital (CBC), an affiliate of NextG.
- No interest on note; principal due upon earlier of 24 months from IPO or business combination.

## SEC filing metadata
- accession: 0001213900-22-031779
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390022031779/0001213900-22-031779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390022031779/ea160879-8k_freedom1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-031779
- JSON: https://secwatch.observer/filing/0001213900-22-031779.json
- Plain text: https://secwatch.observer/filing/0001213900-22-031779.txt

## Key facts
- Executive change
  Jamie Weinstein resigned as Director at SunPower Inc..
  - Action: resigned
  - Role: Director
  source text: Jamie Weinstein, who was LVS’s nominee to our board of directors, resigned from our board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390022031779/0001213900-22-031779-index.htm
- Executive change
  Edward Zeng was appointed as Director at SunPower Inc..
  - Action: appointed
  - Role: Director
  source text: On June 6, 2022, our board of directors appointed Mr. Zeng to the board of directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390022031779/0001213900-22-031779-index.htm

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