---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-083036"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:35:32.214050+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Freedom Acquisition I amends SPAC merger with Complete Solaria; removes $100M min cash condition, secures new financing

## Summary
- Amendment deletes $100M minimum cash closing condition and related termination rights; deal now expected to close in Q2 2023.
- Complete Solaria formed via merger of Complete Solar and Solaria on November 4, 2022, marking a key milestone.
- T.J. Rodgers commits additional $4M in convertible notes, bringing total investment in Complete Solaria to $39M.
- Debt facility of up to $10M secured from Kline Hill Partners to fund working capital obligations.
- Non-binding LOI with Yorkville Advisors for up to $12M convertible note and $70M common stock facility post-closing.

## SEC filing metadata
- accession: 0001213900-22-083036
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390022083036/0001213900-22-083036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390022083036/ea170862-8k425_freedom1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-083036
- JSON: https://secwatch.observer/filing/0001213900-22-083036.json
- Plain text: https://secwatch.observer/filing/0001213900-22-083036.txt

## Key facts
- Material Agreements
  SunPower Inc. amended Amendment to the Business Combination Agreement with Complete Solaria, Inc. valued at Amendment to Business Combination Agreement deleting condition regarding $100M available cash, termi (effective 2022-12-26).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Complete Solaria, Inc.
  - Value: Amendment to Business Combination Agreement deleting condition regarding $100M available cash, termi
  - Effective: 2022-12-26
  source text: On December 26, 2022, Freedom Acquisition I Corp., a Cayman Islands exempted company (“ Freedom ”), Complete Solaria, Inc. (f/k/a Complete Solar Holding Corporation), a Delaware corporation (“ Complete Solaria ”), Jupiter Merger Sub I Corp., a Delaware corporation and a wholly owned subsidiary of Freedom (“ First Merger Sub ”) and Jupiter Merger Sub II LLC, a Delaware limited liability company and a wholly owned subsidiary of Freedom (“ Second Merger Sub ”), entered into a letter agreement (the “ Amendment ”) amending the Business Combination Agreement, dated as of October 3, 2022, by and among Freedom, Complete Solaria, First Merger and Second Merger Sub (the “ Business Combination Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390022083036/0001213900-22-083036-index.htm

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